- Mandatory E-Invoicing for B2B and B2G Transactions: Romania requires all resident and non-resident VAT-registered businesses to use the RO e-Factura platform for B2B and B2G transactions, with non-compliance resulting in penalties up to 15% of the transaction value.
- Future Expansion to B2C Transactions: The e-invoicing mandate will extend to B2C transactions starting January 2025, with a voluntary phase beginning in July 2024, aiming to further modernize Romania’s invoicing system and enhance economic efficiency.
- Preparation Steps for Businesses: Companies must review and update their invoicing systems to comply with EU standards, register on the RO e-Factura platform, and consider partnering with e-invoicing service providers to ensure seamless compliance and avoid penalties.
Source Storecove
See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
