- The European Union has approved Romania’s request to deviate from EU Directive 2006/112/EC on VAT regulations.
- This allows Romania to implement mandatory e-invoicing to combat tax avoidance and improve tax administration.
- Romania will exclusively accept electronic VAT invoices from taxable persons established within the country, but recipients established in Romania are not obligated to accept them.
- The decision will be effective from January 1, 2024, until either December 31, 2026, or until the EU member countries are obligated to implement domestic provisions regarding digital invoicing if the directive is amended.
Source GVC
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