31 May 2022
The Romanian tax authorities have confirmed that businesses that sell to government departments will be required to issue e-invoices from 1 July 2022.
Since January 2022, Romanian businesses have been able to register for live VAT e-invoice (the RO e-Factura) reporting on a voluntary basis and this new regime allows businesses to declare sales to the Romanian tax authorities via a new e-invoicing platform instead of sending invoices directly to their customers. The Romanian tax authorities then digitally verify these invoices and send them to the customer via its platform.
The Ministry of Finance hopes this new invoice-reporting regime will help to prevent VAT fraud in the country as Romania joins a growing list of EU countries, including France, Hungary, Italy, Poland, and Slovakia, which have or will introduce e-invoices soon.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
Hungary to introduce mandatory digital VAT filing from...
From 1 January 2027, all businesses registered for VAT in Hungary will be required to file their VAT returns through the country’s eVAT, or eÁFA, system...
SEE MORE
LATEST NEWS
EU customs reform increases responsibilities for...
In September 2026, the EU formally adopted a new Customs Code that will significantly change how goods are imported into the EU. Although the reforms apply...
SEE MORE
LATEST NEWS
Germany plans import VAT accounting reform
Germany is planning to introduce a new import VAT accounting system from 1 January 2030, which could significantly improve cash flow for businesses importing...
SEE MORE