Starting from 1st January 2024, Romania has been authorized by the EU Council to implement mandatory e-invoicing for taxpayers within its borders, with the aim of streamlining business transactions and enhancing fiscal control. The key dates and phases include initial obligations starting from 1st January 2024, a transition period until 30th June 2024, and full implementation from 1st July 2024. The scope of compliance includes mandatory submission groups and exemptions, along with detailed reporting guidelines and penalties for non-compliance. It is crucial for businesses to adhere to the outlined guidelines for a seamless transition and to avoid penalties.
Source Taxbackinternational
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Romania"
- Draft Ordinance to Implement EU Small Business Scheme for X-Border Supplies Including Increased VAT Registration Threshold
- Romania Updates VAT Reporting Rules After Rate Increase to 21% and 11%
- Government Proposes VAT Amendments for Virtual and Live Streaming Event Supply Rules
- Romania VAT Briefing: Key Updates and Developments (July – August 2025)
- Romania’s E-Invoicing Reform: Key Business Impacts and Compliance Requirements for 2025-2026
