The Romanian Government has extended the deadline for e-reporting compliance until 31 May 2024. This decision is part of an emergency ordinance addressing provisions related to the RO e-invoice system.
According to the ordinance, non-compliance with the deadline for transmitting invoices in the national electronic invoice system, RO e-Factura, during a calendar month will be considered a contravention. However, fines for such non-compliance will not be imposed until the extended deadline of 31 May.
The extension aims to provide taxable persons additional time to adapt their procedures and systems for transmitting invoices in the RO e-Factura system without penalties. Fines for non-compliance after the extended deadline will range from 5,000 lei to 10,000 lei for large taxpayers, 2,500 lei to 5,000 lei for medium taxpayers, and 1,000 lei to 2,500 lei for other legal entities and individuals.
This extension offers relief for businesses navigating the transition to e-reporting in Romania. It allows for a smoother adjustment period and ensures compliance with regulatory requirements.
Key Takeaways:
- Deadline Extension: The Romanian Government has extended the deadline for e-reporting compliance until 31 May 2024, alleviating immediate pressure on taxable persons to adapt to the RO e-Factura system.
- Sanction Relief: Non-compliance with the deadline for transmitting invoices in the RO e-Factura system will not incur fines until the extended deadline. After 31 May, fines will range from 5,000 lei to 10,000 lei for large taxpayers, 2,500 lei to 5,000 lei for medium taxpayers, and 1,000 lei to 2,500 lei for other legal entities and individuals.
- Adaptation Period: The deadline extension allows businesses additional time to adjust their procedures and systems for e-reporting, ensuring smoother compliance with regulatory requirements without immediate financial penalties.
- Relief for Businesses: This extension offers relief for businesses navigating the transition to e-reporting in Romania. It provides a more manageable adjustment period and reduces the risk of non-compliance fines.
More information is available in this document (in Romanian).
