- Romania has adopted new legislation for electronic invoicing
- The legislation covers the mandatory use of electronic invoices for B2B transactions
- Electronic invoices will be generated and transmitted through a centralized system managed by the tax authorities
- The implementation will be done in two phases
- Phase 1: B2B e-reporting for both established and non-established companies, starting from January 1st, 2024
- Phase 2: B2B e-invoicing for established companies, starting from July 1st, 2024
- Penalties for non-compliance can range from 1,000 lei to 10,000 lei per invoice
- The electronic invoicing system is expected to bring benefits such as reducing costs, errors, and fraud, and improving tax compliance and transparency.
Source: fiscal-requirements.com
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.
