Mandatory Electronic Invoicing For Non-Resident Companies

• 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

• See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological

• Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

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