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Europa (3)

30 May 2023

Massification of e-invoicing in Romania

The Romanian Ministry of Finance announces new plans to extend mandatory B2B e-invoicing, which will start in July 2024, to B2C transactions. 

It is expected that in July 2024, at the same time as mandatory B2B e-invoicing starts in Romania, the voluntary period for B2C transactions will start, which is expected to become mandatory in January 2025.

As part of the digital reporting requirements and the ViDA project, Romania will have to harmonise its centralised settlement model with the reforms proposed by the EU by 2035
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B2B e-invoicing in Europe for 2023: forecast and overview
15 February 2023

B2B e-invoicing in Europe for 2023: forecast and overview

In Europe, electronic invoicing is present in all countries and much of the success of its use is due to the regulatory impulse by the different governments to accelerate its implementation through compulsion. Such is the success of the B2G e-invoicing that the use of it is being extended to the B2B field. In this post, we will see which European countries are already adopting this new modality of invoicing between companies.

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European Union introduces the mandatory electronic invoice

From 18th April, 2019, the public administrations of all EU Member States are compelled to electronically receive and process their invoices. This concerns any B2G (Business-to-Government) and G2G (Government-to-Government) trades and transactions within the European Union.

The 2014/55/EU regulation is aimed at standardise a common European e-invoicing format, so that any public or private supplier is able to work with European public administrations seamlessly. Developing cross-border trade falls under the main EU goals.

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3 December 2018

Towards a single European format: UBL

When we talk about the format for electronic invoicing, this refers to the structure of the file which supports the invoice itself and its legal content. In the case of Spain, the Tax Agency has established XML, which is used in the Facturae structure, previously known as AEAT-CCI, as the official format.

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Key numbers

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+30 years

of experience
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+750 MM

€/year managed
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3 Millions

active users
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+1.000 M

documents/year exchanged
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+200.000

connected companies
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113

countries with exchange

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