Romania Seeks EU Approval: Mandatory B2B E-invoicing on the Horizon
Romania has requested authorization from the EU to derogate from Articles 218 and 232 of the EU VAT Directive 2006/112/EC to introduce mandatory B2B electronic invoicing in Romania.
Timeline
Romania may introduce mandatory electronic invoicing at any time once the derogation is approved.
Impact
This measure will help to combat VAT fraud and VAT evasion and simplify VAT collection. It also aims to promote digitizing compliance processes and reducing the administrative burden on businesses.
Businesses should consider reviewing their IT systems, ERP systems, and tax compliance processes to prepare themselves for the likely upcoming e-invoicing mandate.
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