???? Romanian e-TVA Statements: What You Need to Know

Romania launched the e-TVA system, effective August 1, 2024, targeting activities from the July 2024 reporting period. Here's a breakdown of the details:

?? Key Dates and Process

• e-TVA Implementation: Starting August 1, 2024, Romania has introduced the e-TVA system, generating automatic VAT statements for all VAT-registered businesses. These statements will be available in the Virtual Private Space (SPV) by the 5th day of the month following the VAT return deadline.

?? Review and Discrepancies

1. Receive and Review: Taxpayers will receive their e-TVA statements after the Romanian VAT return deadline. It's crucial to review the statement for accuracy against your own records.
2. Significant Discrepancies: Discrepancies are considered significant if they exceed both 20% and 5,000 RON per reporting box.
3. Notification of Discrepancies: If significant discrepancies are found between the pre-filled data and your VAT return, ANAF will notify you via the SPV. The notification will include the e-TVA statement and a request for explanation.

?? Mandatory Response

• Justifying Differences: Taxpayers must respond to the discrepancy notification within 20 days by submitting a "Justifying note regarding RO e-TVA differences" ("Not? justificativ? privind diferen?e RO e-TVA") through electronic means.
• Consequences of Non-Compliance: Failure to respond or incomplete submissions may be flagged as a fiscal risk, potentially leading to a tax inspection or anti-fraud control.

?? Important Deadlines

• Extended Deadline: The first e-TVA statements will be available by September 5, 2024, for the July reporting period. However, the deadline to justify any discrepancies is extended to January 1, 2025. Compliance notifications won't affect fiscal risk indicators until after this date.

Stay informed and ensure your company is ready! ??

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