- Tax authorities worldwide are embracing digitization to monitor economy and business activities
- Multinational businesses face challenges with varying e-invoicing requirements across countries
- Understanding e-invoicing regulations is crucial for compliance across jurisdictions
- E-invoicing obligations are extending to non-resident businesses in many countries
- Non-resident businesses are those without a local presence in a country
- Examples of non-resident businesses include those with local VAT registration or operating under the EU One Stop Shop mechanism
- Romania is an example of a country with e-invoicing obligations for non-residents
- Foreign companies may need to report transactional data to tax authorities in real or near real-time.
Source: fonoa.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.
