- Romania has the largest VAT gap in the EU and is implementing e-invoicing to address this issue
- E-invoicing requirements in Romania cover all resident and non-resident businesses registered for VAT
- E-invoicing currently applies to domestic B2B and B2G transactions, not B2C transactions, exports, or intra-community supplies
- Businesses must register with the SPV platform and submit e-invoices in XML format to comply with e-invoicing requirements
- E-invoices must be issued by the 15th day of the month following the taxable event and transmitted to ANAF within 5 working days, with a deadline shifting to 5 calendar days in July 2024.
Source: fonoa.com
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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.
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