Emergency Ordinance no. 116/2023 regarding some measures for the management and highlighting of current revenues of the public budget through the implementation of digitization projects was published

Recently, the Emergency Ordinance no. 116/2023 regarding some measures for the management and highlighting of current revenues of the public budget through the implementation of digitization projects was published

The main novelty brought by this ordinance refers to defining the IT systems of national strategic interest, namely RO e-Factura System, RO e-Transport, RO e-Sigiliu, RO e-SAF-T, RO e-Case de marcat electronice and RO e-TVA, which the Ministry Finances will use and exploit in order to reduce and prevent tax evasion and tax fraud.

With the help of these systems, the tax authorities will obtain information about the taxpayers' risk profiles and will identify inconsistencies between the data and information provided by the system and those from the accounting and tax records of the taxpayers. Regarding the RO e-TVA system, it will involve the corroboration of the data provided by taxpayers through the RO e-Factura and RO e-Case de marcat electronice systems, data that will be integrated and processed to generate pre-filled VAT returns.

The pre-filled VAT returns will be made available to taxable persons, through the Virtual Private Space, for each reporting period, up to and including the 20th of each month following the end of the fiscal period.

Taxable persons registered for VAT purposes in Romania, who use the RO e-TVA system, will have the obligation to verify, modify and complete the information in the VAT return, according to the actual fiscal situation, respectively to sign and submit the return VAT.

The deadline for implementing the RO e-TVA system is August 1, 2024.

The EY team is available for further details on the above.