Romania is introducing significant changes to its e-invoicing system, aiming to enhance tax compliance and expand the data available to tax authorities. Key changes include:
- Simplified Invoices: Invoices below €100, previously exempt, will now be required to be sent through the e-Factura system.
- B2C E-Invoicing: Businesses will no longer be obligated to collect and transmit natural identification numbers (CNPs) for consumer invoices. Instead, a placeholder code can be used.
- Other Changes: The draft legislation includes clarifications for intra-community supplies, public procurement invoices, and vacation vouchers. Additionally, the deadline for e-TVA system compliance notifications and sanctions has been extended to July 1, 2025.
These changes are expected to take effect in January 2025, pending formal approval of the draft Emergency Ordinance. Businesses operating in Romania should carefully review these changes and prepare for the upcoming e-invoicing requirements.
Source: fonoa.com
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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.
