From 2024, according to the Emergency Ordinance No 120/2021 on the administration, functioning and implementation of the national e-invoice system RO e-Invoice and e-invoicing in Romania, all companies will be obliged to issue invoices exclusively via the RO e-Invoice system within a maximum of five days from the date of issue of the invoice.
Specifically, all companies, such as PFA, SRL, SME, II and FI, are obliged to use only e-invoices when transacting with each other. And, in other words, all invoices must be created and managed via RO e-Invoice - a simple and efficient way to issue and receive invoices.
So it's time to get ready! Banqup is here to give you all the information you need and make the transition to e-Invoice as simple and efficient as possible.
By integrating with ANAF Banqup ensures that all tax data and documents generated and submitted are in line with current tax requirements and eliminates the risk of errors, ensuring that invoices issued are valid.
Banqup facilitates the process of sending invoices to ANAF by processing invoices and sending them automatically in the technical XML format required by ANAF, which are then validated in SPV. With Banqup you ensure that your documents are fully compliant with the authorities' tax requirements.
With Banqup, you benefit from a secure archive that automatically stores documents for 10 years, starting from the end of the financial year in which they were issued.
Up to 50 documents
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Penalties for failure to submit e-invoices in e-Invoice will be applied in two phases, according to the timetable for the transition to the widespread use of this system in B2B relations.
The draft fiscal measures, sent for promulgation, establish the following:
First phase, between 1 April and 30 June 2024: issuers who do not submit e-invoices in e-Invoice within five working days may be fined between 1.000 to 10.000 lei;
Second phase, from 1 July 2024: only e-invoices sealed by the Ministry of Finance, after their transmission to e-Invoice, will be recognised as original documents with fiscal effects. Recipients will be liable to penalties if they accept invoices from issuers in a format other than that established for the RO