Romania is implementing a mandatory e-invoicing and e-reporting system for B2B and B2G transactions, with a grace period until May 2024 and plans to expand the e-reporting mandate to include B2C transactions by 2025.
– Romania is rolling out e-invoicing and e-reporting in two stages:
– ️ Stage 1 (Jan 1, 2024 – Jun 30, 2024): E-reporting of all B2B and B2G invoices
– ️ Stage 2 (Jul 1, 2024 onward): Mandatory e-invoicing for B2B and B2G transactions
– ️ Grace period extended until May 31, 2024 to allow businesses to adapt
– B2B and B2G transactions with Romanian-established businesses are in scope
– B2C transactions will also be included in the e-reporting mandate starting in 2025
– ❌ Exports and intra-EU transactions are exempt
– ️ Invoices must be submitted through the national RO e-Factura platform
– Invoices must be in the RO_CIUS format, compliant with EU e-invoicing standards
– Invoices are digitally signed by the tax authorities
– Fines for e-reporting non-compliance range from 1,000 to 10,000 lei
– Penalty of 15% of the invoice value for e-invoicing non-compliance
Source: marosavat.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.
