Romania to Introduce B2C E-Invoicing Requirements: New Legislation Insights
Romania is set to roll out significant changes in its tax reporting system, with new regulations targeting tax evasion prevention. The upcoming legislation focuses on several aspects, including B2C e-invoicing obligations, e-VAT measures, and e-Transport regulations. Recent draft laws have provided further clarification on how these requirements will be implemented and enforced in the future.
Key Changes in Romania's B2C E-Invoicing Legislation
In June 2024, Romania passed new legislation requiring taxpayers involved in B2C transactions to submit electronic invoices, effective from January 2025. The recently circulated draft legislation adds detail and clarification on specific points to ensure businesses understand the scope of the changes.
Simplified Invoices Now Under the Mandate
One of the major changes introduced by the draft legislation is the inclusion of simplified invoices in the new reporting framework. Previously, invoices valued at 100 EUR or less were exempt from electronic invoicing requirements. However, as of January 2025, these simplified invoices will now fall under the e-invoicing mandate. This adjustment extends the reporting obligations to a broader range of transactions, ensuring that more businesses comply with the digital invoicing requirements.
GDPR Concerns Addressed in New Requirements
The new legislation also addresses privacy concerns related to the inclusion of beneficiary information on invoices. In response to previous GDPR-related issues, the draft law allows invoice issuers to omit detailed beneficiary information from the invoice. Instead, they can use a placeholder value—a 13-digit all-zero code—in the field previously reserved for beneficiary details. This change ensures that businesses can comply with the new requirements while respecting data protection regulations.
Preparing for the January 2025 Deadline
With these updates, Romania is taking a significant step toward reducing tax evasion and modernizing its invoicing processes. The legislation, which applies to all businesses engaged in B2C transactions, will require companies to adopt e-invoicing systems by January 2025.
There’s more you should know about e-invoicing in Romania – learn more about the new and upcoming regulations.
