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Romania B2B RO e-invoicing eFactură July 2022

Romania eFactură electronic invoices now open to registrations; phased launch 2022-23

Eligible businesses may now register for Romania’s new B2B RO e-invoicing regime. The first phase of mandated e-invoices is for fraud high-risk supplies (see below), and starts 1 July 2022 the Ministry of Finance has now confirmed.  But effected businesses may start submitting invoices from 1 April 2022.

B2B goods prone to VAT evasion from 1 July 2022

Initially, it is a voluntary program. But high-risk B2B supplies susceptible to VAT evasion will be mandated for from 1 July 2022. This will include:

  • Alchohol
  • Construction
  • Fruits and vegetables
  • Clothing
  • Mineral products

Romania is following the Italian SdI pre-clearance model, including Continuous Transaction Controls (CTC), which has proven highly successful at cutting the VAT Gap – the difference between forecast and actual indirect tax revenues. Romania has the EU’s highest VAT Gap at 34%.

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Romanian SAF-T monthly transaction reporting was launched in January 2022 by the Romanian tax authority, ANAF. Follow VAT Calc’s global live VAT invoice transaction and e-invoice tracker on real-time transaction-based reporting.

Pre-clearance Romanian e-invoicing

The increasing global e-invoice trend is for live-reporting or draft sales invoices being first sent to the tax authorities for recording and basic validation checks. This approved invoice is then sent to the customer – either by the tax authorities (Italy) or the taxpayer with a special digital signature or QR Code. In some cases, an approved e-invoicing agent is required and it this is the route France e-invoicing will likely take from July 2024. This includes the following steps:

  • The vendor issues an XML invoice through the RO e-invoicing platform
  • Minimal validation and information requirement checks are performed. In the event of a failure, the vendor is notified to make a correction and resubmit.
  • The Ministry of Public Finances will certify the invoice with its digital signature
  • The invoice is sent to the customer, which is considered the tax point of the invoice for VAT purposes

RO e-transport reporting

In addition to e-invoicing, Romania is also introduced an electronic movement of goods register. This is similar to Hungary and India’s e-Way Bill. Details are to be published shortly.

EU Digital Reporting Requirements and e-invoicing by 2024?

EU VAT in the Digital Age reforms include a channel for harmonised Digital Reporting Requirements (DRR) and Continuous Transaction Controls (CTC) by EU states. This grew from the 2020 Tax Package proposals for a fairer and more efficient EU tax regime.

Our VAT Calculator tax engine can provide instant global VAT or GST calculations for your e-invoicing or real-time reporting obligations.

Europe e-invoicing and live reporting

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