Mandatory RO e-Factura from 1 January 2024 approved

The President of Romania signed on Thursday, 26 October 2023, the Decree for the promulgation of the Law on some fiscal budgetary measures to ensure the long-term financial sustainability of Romania.

This means that the Romanian government has given the green light to introduce mandatory e-invoicing for residents and non-residents registered for VAT purposes in Romania from the beginning of 2024. The introduction of this obligation will take place in two phases.

The first phase (real-time invoice reporting) will be effective between 1 January and 30 June 2024. It will include the mandatory reporting of invoices in XML to RO e-Invoice within five working days from the invoice date. Importantly, there will be a penalty-free period until 30 March 2024.

The second phase (full pre-clearance) from 1 July 2024 is the obligation to issue invoices in real-time via the RO e-invoice system before they are made available to the recipient. Only structured invoices will be treated as valid documents for tax purposes.

It is worth emphasizing that the e-invoicing obligation applies from 1 July 2022 to taxpayers who do business with public entities (B2G) and those who sell goods classified as high fiscal risk products.

There’s more you should know about e-invoicing in Romania – learn more about the new and upcoming regulations.