08.04.23
European Union Council derogation approval
Only a few weeks ago, Kofax’s recent post commented on the European Union’s draft proposal to authorise Romania to mandate B2B e-invoicing in the country.
And e-invoicing advancements are developing swiftly. The Council of the European Union has now approved this request, authorising Romania to mandate B2B e-invoicing in the country. The timeframes for approval remain the same as previously communicated- i.e., from 1 January 2024 to 31 December 2026, or alternatively, when Digital Reporting Requirements for ViDA come into effect.
The EU approval can be located via the link below:
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32023D1553
The derogation approval represents a significant milestone for Romania’s e-invoicing trajectory. However, while Romania’s e-invoicing mandate is projected for 1 January 2024, this date is certainly not set in stone, and there are already tentative indications that this may be delayed. Kofax is closely monitoring e-invoicing developments in the country.
Compliance is complicated
Want to learn more about how Tungsten Network makes the process of staying compliant easier?
Browse Romania updates
European Union Council derogation approval
- Mandate information
Proposed VAT rate changes
- VAT/G(S)ST rate information
Proposed new VAT rate
- VAT/G(S)ST rate information
EU derogation to mandate B2B e-invoicing
- Mandate information
Response to VAT in the Digital Age (VDA) proposal
- Country updates
Use and operation of RO e-Transport System
- Mandate information
Changes to procedure for use of RO e-Invoice
- Mandate information
Delay for proposed universal B2B e-invoicing mandate
- Mandate information
Changes to VAT rates in 2023
- VAT/G(S)ST rate information
Proposed tax rate changes
- VAT/G(S)ST rate information
e-Transport system
- Mandate information
Extension of reverse charge on specific supplies
- Country updates
Potential upcoming VAT changes
- VAT/G(S)ST rate information
Extension of reverse charge mechanism
- Country updates
Potential for mandatory e-invoicing for all B2B transactions
- Country updates
Extension of VAT-exemption for imports of goods to combat Covid-19
- VAT/G(S)ST rate information
Donations of goods and services to Ukrainian people free of VAT
- VAT/G(S)ST rate information
Proposal of e-transport
- Mandate information
Virtual Private Space (VPS) – mandatory for taxpayers
- Mandate information