Romania Tax Agency Publishes Guide on Mandatory Use of Electronic Invoicing System for Taxpayers

The Romanian National Agency for Fiscal Administration Dec. 12 posted online a guide on the mandatory use of a national electronic invoicing system for VAT purposes. Topics covered include: 1) the two-stage implementation of the system, from Jan. 1, 2024, through June 30, 2024, and from July 1, 2024, onwards; 2) reporting exemptions for qualifying deliveries shipped outside the EU by suppliers or buyers; 3) the requirement that invoices be filed in the national electronic invoicing system no later than 5 working days from their issuance; 4) penalties for non-compliance of 5,000 Romanian leu (US$1,085) to 10,000 leu (US$2,170) for ...