Romania enacts the e-invoicing and e-reporting requirements
![Romania enacts the e-invoicing and e-reporting requirements](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fn8j7z2cp%2Fproduction%2F97bb9b9c81c674cd25de1f5d83cef066e7bc2a07-1392x772.webp%3Fw%3D1392%26h%3D772%26fit%3Dcrop%26auto%3Dformat&w=3840&q=75)
The President of Romania has officially signed into law the mandatory use of the RO E-Factura system for both resident and non-resident taxable persons.
Timeline
Starting January 2024, Romanian VAT-registered businesses must comply with e-reporting rules. By July 2024, all B2B invoices will be issued through the E-Factura system.
Impact
With the law now signed and the January 2024 implementation deadline approaching, businesses must promptly prepare their systems for the new requirements. Resident and non-resident VAT-registered businesses have five days from the invoice issuance date to meet the e-reporting obligation. No fines will be imposed for non-compliance between January 1st and March 31, 2024.
Starting April 2024, penalties ranging from 1000 LEI to 10000 LEI (approximately EUR 200 to EUR 2000) will be applied for non-compliance.
Furthermore, starting July 2024, resident businesses must issue and exchange invoices exclusively through the RO E-Factura system, with potential penalties equal to the VAT amount recorded on the invoice for non-compliance.