Romania
The authenticity of an eInvoice must be guaranteed from point of issuance up until the end of the storage period
Do you need to invoice businesses in Romania?
If you answered yes, you may need electronic invoice processing.
Transalis eInvoice™ is a trusted provider of digital invoice processing with companies in Romania
More and more countries, including Romania, are looking for new ways to streamline their processes, eliminate tax avoidance and collect more VAT. Already across the EU, government and public sector organisations are required to use B2G eInvoice processing, and B2B suppliers are being encouraged do the same.
An eInvoice solution from Transalis will streamline your invoice processing with trading partners in Romania.
- Reduce time spent on administrative tasks
- Improve accuracy and minimise disputes
- Remain compliant with complex cross-border regulatory and tax requirements
- Automate invoice validation
- Speed up the entire billing process
Romania eInvoicing regulations
March 25 2024
Romania publishes a draft law extending penalty grace period for not complying with e-invoicing Romanian Minister of Finance Marcel Bolos has announced his intent to extend the grace period for penalties associated with electronic invoicing obligations as thousands of taxpayers are still not using e-invoices.
The draft emergency ordinance extends the grace period from 31 March to 31 May. The sanctions for which the grace period applies are for not complying with the 5-working-days invoice reporting requirement of a taxable event/initial issuance of an invoice.
The draft legislation also clarifies the context in which the penalties will be levied. Previously, it was unclear if non-compliance sanctions would be applicable per invoice. Now, it is stated that for one or more invoices in each calendar month, the following penalties will apply:
• RON 1000 to 2500 (ca. EUR 200 to 500) – small taxpayers, legal persons, and ‘other’ legal entities;
• RON 2500 to 5000 (ca. EUR 500 to 1000) – medium taxpayers;
• RON 5000 to 10000 (ca. EUR 1000 to 2000) – large taxpayers.
While the draft law still needs to be approved, it is anticipated this will happen soon
Need to stay compliant here?
Transalis eInvoice keeps you PEPPOL and tax compliant across borders, with mandates and formats handled for you.
