Romania
Delay for proposed universal B2B e-invoicing mandate
Last year, we communicated (and successfully implemented) a solution relating to high-fiscal risk products in Romania, which, as of 1 July 2022, now have to pass through the Romanian e-invoicing platform, the e-Factura.
Romania had been considering a phased implementation roll-out of B2B e-invoicing across the country. However, the Ministry of Finance has confirmed that rather than phased implementation, B2B e-invoicing will instead impact all affected entities concurrently, in 2024.
Romania is a compliant territory for Tungsten Network and we are assessing how we can support our suppliers and buyers in Romania once further details of the proposed mandate are available.
We are also acutely aware of the VAT in the Digital Age (ViDA) proposal published by the European Commission in December. This has significant limitations relating to the e-invoicing model countries can deploy, particularly in respect of clearance models. We are monitoring Romania’s plan to accommodate an e-invoicing model that is in line with the ViDA proposals.
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