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Turmoil in Romanian E-Invoice Mandate Sparks Entrepreneurial Frustration

E-Invoice Mandate Implementation Issues:

  • The Romanian state’s mandatory e-Invoice system, effective from January 1, 2024, has caused significant disruptions.
  • Representatives from NextUp Solutions, a software company, criticize the state for inadequate management and rudimentary implementation, leading to chaos in the entrepreneurial environment.

Incompetence and Unpreparedness:

  • The state is accused of showing incompetence in digitization, evident through multiple errors in the e-Invoice system.
  • State institutions threaten fines for non-compliance, but ANAF (National Agency for Fiscal Administration) is unprepared for the expected volume of tax information, with the existing infrastructure handling less than 25% of the estimated documents.

Distrust and Frustration Among Taxpayers:

  • NextUp Solutions’ Managing Partner, Roxana Epure, notes that the state’s promises of efficiency and simplification have not materialized.
  • The e-Invoice system’s errors and the state’s blame-shifting have created a relationship of distrust from the taxpayer’s perspective, leading to increased frustration.

Impact on Businesses and Acceleration of Digitization:

  • Companies nationwide face technical and administrative challenges due to e-Invoice errors, resulting in wasted time and money.
  • The difficulties have prompted businesses to accelerate the adoption of invoicing software, with a reported increase of more than 50% in demand within the first two weeks of January.

Entrepreneurial Challenges in Submitting Invoices:

  • Entrepreneurs are grappling with the manual submission process on the Ministry of Finance system, which can be time-consuming.
  • The complexity of converting invoices from PDF to XML and the need to upload them to the SPV (Virtual Private Space) within a tight timeframe have added to the burden, potentially leading to fines if not done promptly.

Source Hotnews.ro

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