E-Invoicing In Romania
The National Agency for Fiscal Administration issued the advanced tax rules by Law no. 207/2015 on the Fiscal Procedural Code.
National Fiscal Administration Agency(NAFA)
- B2G Transactions
- B2B Transactions
OECD’s SAF-T Version 2.0.
Romania introduced its own SAF-T (fișierul standard de audit de taxe), named Informative Declaration D406.The D406 statement must be submitted to the Romanian Tax Authority each month or each quarter, depending on the bookkeeping method (single/double entry). Taxpayers who are not registered for VAT purposes will submit SAF-T files quarterly. D406 form mandatory for large taxpayers who are in the large companies list published in 2017 however ANAF published a new list at the end of 2021 with 400 additional companies which are obliged after July 2022. There is a 12 month grace period ANAF announced for both large taxpayers.The obligation will be started for medium taxpayers and small taxpayers in 2023 and 2025 respectively.
SAF- T reporting does not cover information about stock and assets. These sections need to be reported separately. Annual reporting contains asset information. The first annual report submission, will be in 2023 and include asset information from 2022. A stock information report will be created on request and reported for the time and period set by ANAF at least 30 days after the official request. Romanian legal entities, companies that keep accounting records, and non-resident VAT registered companies under obligation.
Apart from SAF-T reporting, Romania is to implement a gradual implementation of e-invoicing through its national platform RO e-Factura. e-Invoice implementation will start with B2G and B2B e-invoices. Main goal of the new e-ınvoicing system is to prevent smuggling and fraud in Romanian territory. ANAF published its first announcement on this issue in the last month of 2021. The new electronic invoicing covers all B2G transactions however for B2B transaction obligation starts to create an e-invoice for only high fiscal risk products. ANAF has published a list of products that include vegetables, fruits, roots, and edible tubers, other edible plants, alcoholic beverages, new constructions, mineral products (mineral water natural, sand, and gravel), and clothing and footwear. The date of obligation, which was announced as July 1 before, is now postponed to September 1 officially due to many uncertain issues on the part of taxpayers and also ANAF at the same time. This obligation will be initiated regardless of whether the buyers are registered in the RO e-Invoice Registry. There will be two different submission methods which are through service providers or directly from the taxpayer’s ERP system using a shared API published by ANAF. In both ways registration to SPV (virtual private space) required.