RO e-Invoice: Deloitte e-Invoicing Solution

In the digital age, fiscal transparency and efficiency are essential. In this context, Romania has taken significant steps in adopting a new direction, through implementing the RO e-Invoice system. This electronic invoicing system is meant to change the way B2B and B2G transactions are managed and reported to ANAF.

History of RO e-Invoice

Although it's not a new system, having been implemented since 2020 for B2G transactions, on June 23rd, 2023, the European Commission presented a legislative proposal following Romania's request for derogation from articles 218 and 232 of Directive 2006/112/EC ("VAT Directive"). This marked a decisive first step towards the mandatory implementation of the RO e-Invoice system for B2B transactions in Romania. Just a month later, on July 27th, 2023, the Council of the European Union confirmed this direction, ensuring that from January 1st, 2024, the mandatory nature of RO e-Invoice will become a reality.

What you need to know about RO e-Invoice

• This system will be mandatory for all B2B transactions in Romania, starting January 2024.

• Non-resident taxpayers registered for VAT purposes in Romania will also be subject to this system.

• Starting July 2024, the e-invoice system will be generalized for entities established in Romania (B2B). In B2B relationships, only electronic invoices provided through the Private Virtual Space (SPV) (XML format containing the MF seal) will be accepted.

• There is a reporting deadline of 5 working days, and failure to comply with this regulation can lead to significant fines.

• Until the system is generalized, the suppliers will need to communicate invoices issued to their clients as they did until that point, in line with the existing provisions of the VAT legislation, unless both parties are in the RO e-Invoicing system registry.

Targeted Taxpayers

By January 2024:

• Companies selling goods and services to public entities, in accordance with the public acquisition legislation;

• manufacturers, distributors, and merchants of goods with high fiscal risk;

• construction companies and real estate developers;

• tourism agencies, hotel chains, accommodation units.

After January 2024:

• all resident entities as well as non-resident entities that have fixed offices in Romania involved in B2B and B2G (other than those under the B2G legislation in force before 2024) transactions;

• non-resident taxpayers registered for VAT purposes in Romania for B2B invoices issued for supplies of goods and services where the place of taxation is in Romania.

How Deloitte can help

We understand the complexity of these changes and the challenges they bring. Therefore, Deloitte has developed the Deloitte e-Invoicing solution, an efficient and flexible IT solution. It can integrate with the ERP system or invoicing software, offering automatic reporting/transmission and receipt of electronic invoices on ANAF servers. With the possibility to operate in a SaaS model, the Deloitte e-Invoicing solution meets the highest standards, backed by the implementation experience of various digitalization projects.

For more information, please contact us.