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Romania’s New Tax Code Law: Effective 2024, VAT, Excise Duties, RO eFactura, and Anti-Tax Evasion Measures

  • Law 296/2023 in Romania modifies the tax code
  • Most provisions of the law will be effective from 2024
  • The law introduces changes to value added tax (VAT) and excise duties
  • It also introduces new requirements for sending information in the national electronic invoice system (RO eFactura)
  • Measures are introduced to combat tax evasion.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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