- Mandatory e-Factura System: Starting July 2024, businesses in Romania must use the e-Factura system for all B2B transactions. Non-compliance will result in penalties ranging from €1,000 to €2,000, particularly for large entities.
- Expanded Requirements: From January 2025, simplified invoices will also be subject to mandatory e-invoicing and reporting. Transactions with a place of supply outside Romania and intra-community deliveries with a valid EU VAT number are excluded from mandatory e-invoicing requirements.
- B2C Transactions: For B2C sales without a VAT ID, e-invoices must use a 13-digit placeholder code of zeros. This ensures compliance even when the consumer does not provide a VAT ID.
- E-Transport and E-VAT Updates: Penalties for non-compliance with e-Transport reporting for Authorized Economic Operators (AEO) are postponed until March 31, 2025. Compliance notifications under the e-VAT mandate are delayed until July 2025.
- Compliance Options: Businesses can either learn and navigate the new e-Factura platform themselves or use an e-invoicing solution that handles the technical requirements, simplifying the process and ensuring compliance while minimizing disruptions to their invoicing workflows.
Source: tradeshift.com
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
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.
