On 26 October 2023, President Klaus Iohannis signed into force fiscal-budgetary measures for ensuring Romania’s long-term financial stability. The legislation largely includes VAT and other tax-related matters, but importantly, makes the future issuance and reception of electronic invoices obligatory.
The timelines stipulated in the draft law remain the same with the new published legislation as follows:
- Phase 1: Effective 1 January 2024 - B2B e-reporting for both established and n…