- The Romanian Parliament has adopted tax and budgetary measures to ensure long-term financial sustainability.
- One of these measures is the introduction of compulsory electronic invoicing for non-resident companies identified for Romanian VAT, similar to resident companies.
- Starting from January 1, 2024, taxable economic operators registered for VAT in Romania must submit invoices through the national electronic invoicing system “RO e-Factura”.
- This obligation applies regardless of whether the recipients are registered in the RO electronic invoice register.
- The deadline for sending invoices is 5 working days from the date of issue, but no later than 5 working days from the deadline provided by the law.
- Failure to meet the deadlines is punishable by fines ranging from 1,000 lei to 10,000 lei for different types of legal entities.
Source Asd-int
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Romania"
- eInvoicing in Romania
- ECJ VAT C-465/25 (Matin Maier) – Questions – VAT deduction rights when a supplier is deregistered or declared inactive
- VAT Refund Process for Non-Profit Entities: Eligibility, Documentation, and Deadlines
- Romania Publishes Revised VAT Statement 394 Format Following Rate Adjustments
- Romania Launches National Import System with Digital Customs Declaration Rules
