The last quarter of 2023 saw significant changes to tax legislation, with most changes taking effect from January 1, 2024. One of the key changes is the implementation of electronic invoicing (RO e-invoice system) in B2B relationships, following the Decision of the Council of the European Union no. 2023/1553. The transition period for the RO e-Invoice system is from January 1, 2024, to June 30, 2024, during which the obligation is to report the electronic invoice. From July 1, 2024, it becomes mandatory to send the invoice through the RO e-Invoice system. The reporting obligation applies to operations carried out by taxable persons established in Romania or registered for VAT purposes in Romania.
Source Taxnews
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