- Romania is undergoing a fiscal revolution with the implementation of electronic invoicing (e-invoicing) and electronic reporting (e-reporting) driven by the National Tax Administration Agency (ANAF).
- A law has been published, making e-reporting and e-invoicing mandatory from 1st January 2024.
- The RO e-Factura system is at the core of this modernisation journey, obligating economic operators to issue electronic invoices and transmit them through the national RO e-Factura system when conducting transactions with public-sector entities and certain high tax risk products.
- Romania has secured a derogation from VAT Directive articles 218 and 232, paving the way for mandatory e-invoicing in domestic B2B transactions from 1st January 2024 until 31st December 2026.
- The law introduces a phased implementation approach, encompassing first e-reporting, followed by e-invoicing.
- Non-compliance with the e-reporting mandate will incur penalties and fines from 1st April 2024, while e-invoicing becomes mandatory from 1st July 2024.
Source Unifiedpost
- 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
