Reducing CO2 Emissions: The Impact of Uncollected VAT and Electronic Invoicing Solutions

• European Commission report shows member states lost around 61 billion euros in uncollected VAT in 2021
• Romania alone lost over 8 billion euros in uncollected VAT, ranking third in Europe
• Romania introduced mandatory e-invoice from January 1, 2024
• InfoCert from Italy launched Legalinvoice solution in Romania for individuals and SMEs
• CEO of InfoCert mentions electronic invoicing as a regulatory trend in Europe
• Electronic invoicing leads to operational efficiency, cost reduction, and environmental sustainability
• Legalinvoice allows management of entire invoicing cycle and connection to ANAF and SPV system
• InfoCert also offers digital signature and electronic archiving services.

Source: business-review.eu

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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