|Update:||Compliance Alert - The European Commission publishes proposal to permit implementation of countrywide e-invoicing|
On 14 January 2022, Romania requested authorization to implement e-invoicing on all transactions between established taxpayers.
On 23 June 2023, the European Commission published the proposal associated with Romania’s request. This is progress towards Romania gaining derogation to implement obligatory issuance and reception of electronic invoices within the jurisdiction for both private and public sectors.
Romania will request that invoices are cleared and made available to the recipient through the RO e-factura platform. Romanian authorities claim that the national electronic invoice system RO e-factura is compatible with the European standard on electronic invoicing.
Therefore, e-invoicing could be mandatory in Romania as early as 1 January 2024 if the proposal is approved. These measures are foreseen to positively impact VAT gap reduction, increase efficiency and decrease administrative costs.