VAT

⮚ The VAT deduction right related to the purchase, rental, or leasing of buildings/living spaces, regardless of their destination, located in residential areas or in housing blocks, and the tax corresponding to expenses related to these buildings/living spaces is limited to 50%, if they are not used exclusively for the business purpose. This provision enters into force starting from the 1st of the month following the date from which Romania is authorized to apply a special measure derogating from the provisions of the VAT Directive.

Excise duties

⮚ New procedures for updating excise duties for petrol and diesel are introduced, meaning that excise duties for these products increase as follows:

⮚ The obligation to clearly highlight the excise duties on the invoice only applies to economic operators who produce and sell in Romania products subject to non-harmonized excise duties, in the situation where they have the obligation to issue the invoice according to art. 319.

⮚ For non-alcoholic drinks with added sugar that will be subject to non-harmonized excise duties, in stock on January 1, 2024, the chargeable event and the chargeability occur on the date of their sale on the domestic market.

⮚ In order to obtain the certificate for VAT deferment in customs, for economic operators who in the last 6 months have made imports with a cumulative value of at least 50 million lei, an own responsibility statement is required, stating that the company does not have outstanding budget obligations.

RO E-Factura system

⮚ As of July 1, 2024, taxable persons established in Romania have the obligation to submit the electronic invoices through the RO E-Factura system within 5 calendar days from the date of issuing the invoice, but no later than 5 days from the deadline for issuing invoices.

⮚ If the RO e-Factura system is not functional for at least 24 hours, the obligation to send invoices through the system in the case of B2B transactions between taxable persons established in Romania is suspended until the system is back in operation. Moreover, in this situation, the provisions of art. 319 of Law no. 227/2015 are applicable, with the condition of the subsequent transmission, in the RO e-Factura system, of the electronic invoices issued.

⮚ The periods during which the RO E-Factura system will be offline shall be published on the websites of the National Agency for Fiscal Administration and the Ministry of Finance.

⮚ Starting with July 1, 2024, both the issuing and the receipt and registration of invoices by issuers, respectively recipients, taxable persons established in Romania, in a way other than through the RO E-Factura system, for B2B transactions, are sanctioned with a fine of 15% of the total amount of the invoice, both for the supplier and for the buyer.

RO E-transport system

⮚ The obligation to report via RO e-Transport international road transport of goods (related to import/export/intra-community acquisitions / intra-community supplies) is established, as of 15 December 2023, regardless of the category of transported goods (i.e., not only for goods with high fiscal risk).

⮚ The obligation to declare in the RO e-Transport System the data related to the international transport of goods rests with the following users:

⮚ Failure to comply with the obligations to declare international transport of goods in the RO e-Transport system is sanctioned with a fine from RON 20,000 to RON 100,000, in the case of legal entities, as well as confiscation of the value of undeclared goods.

⮚ The sanctions for non-compliance with the new obligations regarding the international road transport of goods enter into force as of July 1, 2024