- Romania has been authorized by the European Union to introduce the obligation of issuing electronic invoices in B2B relationships.
- This means that only electronic invoices in .xml format will be accepted by the Romanian tax administration.
- The new system is expected to be implemented from January 1, 2024. Companies can still issue invoices from their IT systems, but they must be in .xml format and contain all mandatory elements.
- The implementation process involves a series of internal analyses, technical changes, and additional financial resources.
- Companies must initiate the process of identifying the resources and solutions needed to comply with this future obligation.
- Failure to comply could affect internal processes and commercial relationships with partners.
Source PwC
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