- Starting from January 2024, all transactions between companies in Romania will require electronic invoicing through the Ro e-Invoice system.
- The European Commission will implement a derogation requested by the Ministry of Finance, which will be valid until December 31, 2026 or until the member states have the obligation to apply all the provisions proposed by ViDA.
- The VAT Directive will be derogated to make electronic invoicing mandatory and improve tax collection.
- The Ro e-Invoice system was started in March 2020 and is being implemented in stages, with PwC developing a technology solution to manage large volumes of data.
- The implementation of mandatory electronic invoicing is part of the National Recovery and Resilience Plan and is expected to reduce the VAT gap by at least 5 percentage points until Q2 2026 and increase VAT and direct tax collection by at least 7.6 billion lei.
- Other countries, such as Italy, France, and Poland, have also implemented similar exemptions to the VAT Directive for mandatory B2B e-invoicing.
Source PwC
