- Nationwide Implementation: Romania’s RO e-Transport system, aimed at enhancing tax compliance and monitoring the transport of goods, will be mandatory starting December 1, 2024, following a successful pilot program.
- Elimination of Transaction Threshold: The proposal includes removing the €1,000 threshold for declaring transactions, requiring all goods transported to be reported, thus improving overall tax oversight.
- Mandatory Electronic Invoicing: The system will enforce mandatory electronic invoicing for all B2B transactions subject to VAT, automating tax processes and reducing the risk of fraud.
- Unique Transport Code (UIT Code): Companies must submit transport data in XML format to obtain a UIT Code for each shipment, which is valid for 5 days and must accompany the driver for inspections.
- Penalties for Non-Compliance: While full enforcement begins January 1, 2025, non-compliance can result in significant fines and confiscation of undeclared goods. The extended grace period allows businesses additional time to adapt to the new regulations and ensure compliance.
Source RTC
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