Romanian legislators introduce how they plan to implement the countrywide e-invoicing CTC mandate after receiving derogation from the European Commission. As previously written in other news, the development of derogation has allowed Romania to start a countrywide obligation on January 1, 2024, but it also required new domestic legislation.
New steps and timeline announced for Romania's e-invoicing mandate
Public
Romania
Author: Kristina Dosen
Category:
Fiscal subject related
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599
Content accuracy validation date:
02.10.2023
Content accuracy validation time:
10:08h
Content
The draft law proposes to establish the following important steps:
- As of January 1, 2024, the use of the RO e-invoice system (which is defined as clearance in type and CTC) becomes mandatory for all taxpayers established in Romania that are already subject to the existing e-transport obligations there.
- Also, as of the same date, January 1, 2024, the use of the RO e-invoice system becomes mandatory for all non-established taxpayers in Romania who have RO VAT registration (referred to as “e-reporting” obligations in most announcements).
- On April 1st, 2024, sanctions and penalties will become applicable for non-compliance with these requirements.
- As of July 1st, 2024, the mandatory exchange (i.e., sending and receiving) of e-invoices through the RO e-invoice system for all B2B transactions and all taxpayers established in Romania is expected.
According to the current status in Romania, the timelines mentioned can be considered quite short, and businesses have very little time to comply. On the other hand, further discussions and amendments are still possible due to the size of the particular project itself. The Romanian government has just published a draft law on the mentioned information, i.e., about the anticipated e-invoicing mandate that was adopted on September 19.
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