e-Factura solution
What is RO e – Factură?
The project “E-invoice – mandatory electronic invoicing system” was launched in March 2020 by the Ministry of Finance and the National Agency for Fiscal Administration, in order to streamline the collection of taxes and fees, mainly aiming to improve and consolidate the degree of VAT collection and prevent/combat tax evasion.
What are the legal deadlines?
The new draft law comes with news regarding e-invoice. Thus, it is proposed to implement an invoice reporting system between January 1 and June 31, 2024, with a grace period of three months. Subsequently, starting from July 1, 2024, it will become mandatory to send invoices through the RO e-invoice system in the B2B relationship.
Compliance with the standard transmitted by the authorities
The national electronic invoicing system e-Factura consists of complying with an invoicing standard transmitted by the tax authorities in the form of an XML. Entrepreneurs can choose to complete it using the instructions published on the ANAF website or they can opt for an invoicing software that integrates with e-Factura and relieves them of this complicated and time-consuming task.
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