- Romania, 21 May 2024
RO e-Transport High Fiscal Goods Update
From July 1, 2024, planned to expand the categories of goods with high financial risk to be monitored by the RO e-Transport system to include agri-food products (meat, milk, and eggs). This obligation concerns all users referred to in Article 8 (1).
- Romania, 20 May 2024
New Updates to Tax Declaration Forms Announced by ANAF
Draft order regarding the amendment and completion of the Order of the President of the National Agency for Fiscal Administration no. 587/2016 for the approval of the model and content of the forms used for the declaration of taxes and fees with a regime of self-imposition or withholding was published.
- Romania, 09 May 2024
Romania Delays E-Invoicing Sanctions; New Deadline Set for May 2024
In a significant update for businesses across Romania, the government has announced a postponement of the enforcement of e-invoicing sanctions until May 31, 2024. Initially, it was mandated that all companies must start issuing invoices electronically from January 1, 2024. However, recognizing the need for a smoother transition, authorities have now provided a grace period for companies to comply without facing penalties.
The extension aims to give businesses sufficient time to integrate the RO E-Invoice system into their operations effectively. Post May 31, non-compliance will attract fines. Large taxpayers could face penalties ranging from 5,000 to 10,000 RON (approximately 1,000 to 2,000 EUR). Medium taxpayers will be subject to fines between 2,500 and 5,000 RON (500 to 1,000 EUR), and small taxpayers could incur fines from 1,000 RON to 2,500 RON (200 to 500 EUR).
This decision is part of broader efforts to enhance tax compliance and modernize the financial reporting landscape in Romania. Companies are urged to use this period to ensure their systems and processes are fully compliant with the new digital invoicing requirements.
- Romania, 02 May 2024
The Guide to the National e-Transport System has been developed to digitalize ANAF
The e-Transport Guide, developed by the Ministry of Finance and the National Financial Administration Authority, informs taxpayers who carry out national and international transportations with high financial risks. Additionally, Transport operators are required to provide real-time positioning data of their vehicles along the route by reporting in the e-Transportation system. This system aims to prevent fraud and tax evasion in road freight transportation, ensure fair competition and minimize financial losses.
The RO e-Transport System monitors vehicles carrying goods with a technically permissible maximum weight of at least 2.5 tonnes and high financial risk. Data declaration obligations vary depending on the type of transport and cover Romanian suppliers, economic operators, recipients, beneficiaries and depositors. Road carriers must ensure the transfer of positioning data, equip vehicles with the necessary devices and provide drivers with unique codes to identify shipments.