- Romanian Ministry of Finance issued Urgent Ordinance 69/2024 to expand e-invoicing mandate to B2C transactions
- Current e-invoicing regime in Romania applies to B2G transactions and high-risk B2B sales and goods transportation
- Transition to include all B2B transactions under e-invoicing mandate began on January 1, 2024
- Deadline of August 1, 2024, set to implement National Information System RO e-VAT
- Taxpayers can submit B2C invoices through RO-eFactura system starting July 1, 2024
- Use of RO-eFactura system will be mandatory for all taxpayers from January 1, 2025
- Exceptions may be granted for certain non-profit entities, farmers, and small taxpayers until July 1, 2025
- Invoices must be transmitted to national electronic invoicing system within five calendar days
- E-invoicing mandate extended to self-issued invoices and exempt from transfers of goods outside country’s VAT scope
Source: kpmg.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.
Latest Posts in "Romania"
- ECJ VAT C-465/25 (Matin Maier) – Questions – VAT deduction rights when a supplier is deregistered or declared inactive
- VAT Refund Process for Non-Profit Entities: Eligibility, Documentation, and Deadlines
- Romania Publishes Revised VAT Statement 394 Format Following Rate Adjustments
- Romania Launches National Import System with Digital Customs Declaration Rules
- Special VAT Mechanism for Imports: Authorization Procedures, Obligations and Compliance Requirements
