As of July 2022, Romania has mandated that all B2G transactions and B2B transactions involving high fiscal risk products, as determined by the National Agency of Fiscal Administration (ANAF), must issue invoices in electronic format.
The Ministry of Finance has published a law on fiscal and budgetary measures to ensure financial sustainability, which includes clarifications regarding the scope of the Romanian e-Invoicing System, known as e-Factura System.
Key points regarding e-Invoicing in this law are as follows:
- Both resident and non-resident businesses registered for VAT are within the scope of this requirement.
- A new offline invoice reporting system is proposed to be made available between January 1 and June 31, 2024.
- To support target businesses, penalties will not be applied for non-compliance with the e-Invoice regulation during the first three months of 2024.
- Mandatory e-Invoice submission will commence as of July 2024 through a public platform and will serve as an example of a clearance model.