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June 12, 2012updated 04 Apr 2017 4:14pm

Romania launches e-invoice pilot for VAT refunds

The Romanian Ministry of Communicationshas teamed up with the Ministry of Finance and the National Agency for Fiscal Administration(NAFA)to launch an e-invoice pilot project that will allow businesses to file for VAT reimbursement via internet.

By Raphael Michilis

The Romanian Ministry of Communications has teamed up with the Ministry of Finance and the National Agency for Fiscal Administration (NAFA) to launch an e-invoice pilot project that will allow businesses to file for VAT reimbursement via internet.

The new service will provide Romanian companies with online forms aimed at facilitating VAT recovery.

The system will allow real-time validation of each value completed in the forms, eliminating possible errors and excluding the Finance department from the process.

“A form with a validation of fields filled with a flowchart on the back can only be a sign of fairness. We want to eliminate things that annoy everyone, to eliminate the things that can be interpreted so-and-so by officials,” said Dan Nica, Romanian minister of communications.

The Romanian e-invoicing project will cost approximately EUR3m to its financier, the EU, and will involve about 100,000 companies.

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