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Romania may have the approval for mandatory B2B E-Invoicing, be prepared!!

On June 23, the European Commission issued a PROPOSAL for a Council Implementing Regulation to authorize Romania to introduce mandatory B2B E-Invoicing.


What happened so far in Romania?

When

  • April 2022: B2C e-invoicing mandatory via RO e-factura platform for companies operating in tourism and accepting “vacation vouchers”
  • July 2022: B2G e-invoicing mandatory via RO e-factura platform
  • July 2022: B2B e-invoicing mandatory for “High-Risk Fiscal Goods”
  • July 2022: RO e-transport system mandatory for transport of “High-Risk Fiscal Goods”

What

  • Scope of Mandate (Applicable Taxpayers):
    • Romanian Companies
    • Non-resident Companies with fixed establishment in Romania
  • E-invoices must be exchanged via the RO e-factura central platform:
    • API connectivity for large taxpayers
    • Web platform for small taxpayers

How/Impact

  • E-invoices must be issued in predefined CIUS_RO format – (UBL 2.1 or CIN) RO e-factura platform will apply identification number to invoices prior to
    validation
  • Upon clearance and validation, Ministry of Finance e-signature is applied to every cleared invoice
  • All fiscal documents must be stored for at least 10 years

Source Pagero On Demand Webinar – E-invoicing in Eastern Europe: developments, impacts and what you need to know


Other interesting newsletters on E-Invoice in Romania

B2B E-Invoicing for High Risk Products

B2G

Other

RO E-factura

RO e-Transport system

 

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