E-Invoices in Romania (e-Factura) are now supported with SAP Document and Reporting Compliance!
Watch the video now or in 20 sec.
As of July 2022, the Romanian Ministry of Finance introduced mandatory electronic invoices through e-Factura in Romania for:
• B2G transactions
• B2B transactions for ‘high risk’ products (vegetables, fruits, roots and edible tubers, other edible plants; alcoholic beverages; new constructions; mineral products such as natural mineral water, sand, and gravel; clothing and footwear).
As a result, companies in Romania must have the ability to exchange electronic invoices through e-Factura for these business transactions.
To help customers remain compliant, SAP has expanded its global solution, SAP Document and Reporting Compliance, to support the electronic exchange of customer (outgoing) invoices through the Romanian e-Factura system.
SAP Document and Reporting Compliance is SAP’s offering that helps customers to comply with mandates ranging from for e-invoicing/e-documents to e-reporting and statutory reporting, while offering a stable, consistent, and harmonized way to fulfill compliance.
SAP Document and Reporting Compliance is already localized for Romania, covering the recent new obligation for SAF-T reporting and other local reporting requirements, such as VAT 300 Declaration, Domestic Sales Purchase List (Declaration 394), EC Sales List (Declaration 390), Fixed Asset Chart, etc.
The additional localization for electronic invoices in Romania is now released!
Please join our webinar to learn more about the solution, how you can implement it and see it in action.
