- Extended Deadline for Sanctions: The Ministry of Finance has announced an extension of the deadline for implementing sanctions related to pre-filled e-VAT returns to June 30, 2025. This extension provides businesses with additional time to adapt to the digitized tax system and reduces the risk of penalties during the transition period.
- Legislative Adjustments for Privacy: Legislative amendments are proposed to make the transmission of personal numeric codes (CNP) optional in B2C transactions. This change aims to facilitate smoother adoption of the e-Invoice system by addressing privacy concerns while maintaining compliance.
- Improvements in Digital Tax Systems: The Ministry plans to enhance data accuracy in pre-filled e-VAT returns, release comprehensive guides on the national e-Invoicing system (RO e-Factura), and develop a user-friendly error code framework. These measures are intended to minimize discrepancies and help taxpayers avoid submission errors.
- Ongoing Business Collaboration: The Ministry is committed to maintaining an active dialogue with stakeholders, including accounting professionals, tax consultants, and industry representatives. Recent meetings with organizations like AmCham Romania and the French Chamber of Commerce have provided valuable input on system enhancements.
- Modernizing Fiscal Landscape: The development of digital tax systems such as e-Invoice, e-Transport, and e-VAT reflects Romania’s commitment to modernizing its fiscal landscape. These initiatives aim to promote compliance, support error-free tax administration, and create a more efficient and transparent tax system for businesses and consumers.
Source RTCsuite
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