Romania is implementing a digitalisation strategy using electronic invoicing for the entire economic activity by adopting GEO no. 120 from 4th October 2021. The ordinance regulates electronic invoicing in the public procurement domain and Romanian companies.
The ordinance describes how the National System on electronic invoicing will be used and requires both the seller and the buyer to be registered in RO e-Invoice register. Non-resident taxpayers can also use the RO e-Invoice system.
As a result of this legislation a step has been taken towards the digitalization of businesses relationships in the commercial field. Digitization is a phenomenon with strong economic implications and thus lays the foundations for an increase in trade between parties.
