The electronic invoice (RO e-Invoice System) will be voluntarily applicable in the transactions between economic operators (B2B – Business to Business) starting from the 1st of April 2022.
It is important to note that the system will become mandatory starting from the 1st of July 2022.
The high risk of tax fraud and evasion determined the list of high fiscal risk products for which will be applicable e-invoice (e-factura):
- Vegetables, fruits, roots, edible tubers, other edible plants.
- Alcoholic beverages.
- New constructions.
- Mineral products (mineral water natural, sand, and gravel);
- Clothing and footwear.
The electronic invoice is issued, transmitted, and received in a structured electronic format of XML, permitting its electronic and automatic processing both by the issuer and the receiver.
The electronic invoice is sent and received in the national RO e-Invoice System.
The Companies should take urgent steps and check with their software providers the possibilities to adapt the invoicing system to align with the new rules.
Our team of professional is available for any clarifications or additional details required in your analysis. The above information represents just a summary of aspects we consider relevant in the recently published legislation. This is not exhaustive disclosure of information and it is not intended to be used as advice on any particular matter. We invite all readers to contact us for further clarification of any specific issue. Argus Audit team and its associates disclaim liability in any action taken by a third party in reliance exclusively on summarized information presented in our publications.