- Romania has proposed mandatory B2B e-invoicing for all VAT-registered businesses.
- The new regime will require businesses to send their sales invoices to the tax authorities via an e-invoicing portal within five working days.
- The tax authorities will check the information and format of the invoices.
- The regime will be introduced in two stages, starting with domestic sales from January to June 2024.
- It will then be expanded to include other transaction types from July 2024.
- The changes aim to prevent VAT errors and fraud in Romania.
Source: fiscalsolutions.co.uk
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.
