• Starting with January 1, 2024, companies have the obligation to issue and send B2B and B2G invoices in electronic E-Invoice format.
• Starting with July 1, 2024, only invoices issued and sent in the electronic E-Invoice format are recognized as such in accordance with the provisions of the Fiscal Code.
• The fine for not issuing invoices in the E-Invoice system is between 1,000 and 10,000 lei, depending on the category of taxpayers.
• Between January 1 and March 31, 2024, the application of the previously mentioned fines is suspended
• Starting with July 1, 2024, the receipt and registration, by the receiver, of an invoice that does not comply with the new legal requirements will be sanctioned with a fine equivalent to the VAT included in the invoice.

In conclusion, there are 3 important dates to remember: The system becomes mandatory from January 1, 2024, non-compliance is sanctioned with a fine only from April 1, 2024, following that from July 1, 2024 the invoice will be recognized as such only if it is issued in the regulated electronic system, and the recipients who will register non-compliant forms in the accounting will be fined with the equivalent amount of VAT related to the non-compliant invoice.