Starting from 1st January 2024, Romania has been authorized by the EU Council to implement mandatory e-invoicing for taxpayers within its borders, with the aim of streamlining business transactions and enhancing fiscal control. The key dates and phases include initial obligations starting from 1st January 2024, a transition period until 30th June 2024, and full implementation from 1st July 2024. The scope of compliance includes mandatory submission groups and exemptions, along with detailed reporting guidelines and penalties for non-compliance. It is crucial for businesses to adhere to the outlined guidelines for a seamless transition and to avoid penalties.
Source Taxbackinternational
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