Regulatory updates - Romania

The Romanian government has circulated draft legislation on the upcoming obligation to report invoices for B2C transactions. Legislation passed in June 2024 established the requirement for taxpayers engaging in business-to-consumer transactions to transmit electronic invoices as of January 2025. The draft legislation supplements and clarifies select aspects related to the expansion of the mandate.

To begin with, the inclusion of simplified invoices differs from previously published information. Starting January 2025, the previously exempt simplified invoice, defined by the Fiscal Code as invoices with a value of 100 EUR or less, will be in the scope.

Furthermore, addressing previous GDPR concerns, the requirement for beneficiary information to be on the invoice has been removed. Invoice issuers may now use an arbitrary all zero 13-digit value in the field associated instead.

Pagero continues to monitor developments in Romania and analyze the requirements.

The announcement made by the Ministry of Finance mentions new changes being implemented, as well as the extension of grace periods to adopt the systems.

Previously, the grace period for compliance with the RO e-Transport system, in which no penalties were to be levied, was to end on 1 July 2024. The grace period has now been extended until 1 January 2025.

Authorized economic operators are explicitly mentioned in connection with the new measures and timelines associated with the RO e-Transport system. The remaining changes for the digital systems have been passed into law by this Emergency Ordinance.

The Romanian Minister of Finance announced the plan to extend e-invoicing requirements from 1 January 2025, with optional use becoming available from 1 July 2024 for B2C transactions. The extension will facilitate ANAF’s (Romanian Tax Authority) reception of accurate invoice data. This data will be further used in pre-filled e-vat returns, a vital tool in Romania’s fight against tax evasion.

The extended requirements encompass all taxable persons issuing invoices directly to consumers. The B2C transactions will have to be reported in the RO e-Factura system. B2C transactions related to tourism and holiday vouchers have required the reporting of electronic invoices since April 2022, so it seems that the extension of regulations will be applied to the remainder of the sector. However, more information is yet to come.

Parties exempted from the e-invoicing obligation in this context include:

• Taxable persons issuing invoices for transactions not subject to VAT;
• Diplomatic missions and consular offices;
• Branches of the Romanian armed forces;
• The European National Bank;
• And more.

Specific associations, foundations, and farmers operating under the special regime will also be required to adhere to the new requirements, beginning 1 July 2025.

Pagero closely monitors these developments. Once the Romanian government clarifies further reporting requirements and timelines, our stakeholders will be notified in due time.