- The Romanian National Agency for Fiscal Administration has published a guide on the mandatory use of a national electronic invoicing system for VAT purposes.
- The implementation of the system will be done in two stages, starting from January 1, 2024.
- There are reporting exemptions for qualifying deliveries shipped outside the EU by suppliers or buyers.
- Invoices must be filed in the national electronic invoicing system within 5 working days from their issuance.
- Non-compliance with the system can result in penalties ranging from 5,000 Romanian leu to 10,000 leu.
Source: news.bloombergtax.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.
