25 July 2022 • 2 minute read
Country-specific updates: Romania
- 2022 is the year of digitalization of the Romanian tax authorities.
- Starting with the SAF-T implementation in January 2022 for large tax payers (for which the grace period ends on 25 July 2022), the use of the RO e-Invoice system becomes mandatory from 1st July 2022 for operations carried out by economic operators with public authorities (B2G − business to government) and for operations performed between companies (B2B - business to business) that supply products of high fiscal risk (vegetables and fruits, alcoholic drinks, water, beverages, new constructions, mineral products, clothing and footwear).
- Also, starting with 1st July 2022, for each transport of products of high fiscal risk that exceeds certain thresholds (i.e. RON 10,000 in value and 500 kilos in quantity) it is mandatory to use the RO e-Transport system. The RO e-Transport system includes IT modules for the management of transports which records data relating to the beneficiary, the quantity and the value of the products transported, the places of loading and unloading, details of the means of transport use etc. The RO e-Transport system will generate a unique registration code for each transport of products of high fiscal risk (ITU code) that must be held during transport in physical or electronic format and shown at the request of the competent authorities. Even if the Ro e-Transport system is mandatory to be applied starting with 1st of July 2022, no fines are applicable until 1st of October 2022.
- The RO e-Transport system and the RO e-Invoice system were implemented with the purpose of increasing the level of collection of taxes and duties due to the state budget and preventing and combating illicit trade in goods with a high fiscal risk.