How do I issue invoices in multiple currencies in Romania?

How do I issue invoices in multiple currencies in Romania?

Quick answer (5 steps)

  1. Open the 4conta app and create a new invoice.
  2. Select the currency (EUR, USD, GBP or another).
  3. Fill in the customer details and the products/services.
  4. The system automatically pulls the BNR exchange rate from the day of issue.
  5. Generate the PDF and send it to the customer, or upload it to e-Factura.

What the law says (in brief)

  • Exchange rate: use the BNR rate from the day the invoice is issued (art. 290 of the Romanian Tax Code).
  • VAT: it is calculated in RON, at the rate on the date the VAT becomes chargeable — not in the invoice currency.
  • e-Factura: invoices in foreign currency must be submitted through RO e-Factura (from 01.01.2024), with the amounts in RON.
  • Archiving: foreign-currency invoices are archived for 10 years, electronically or on paper (art. 110 of the Tax Code).

Practical examples

  • EUR invoice for IT services exported to Germany — no VAT, exempt with the right of deduction (art. 278 of the Tax Code). You state “VAT exempt under art. 278 CF”.
  • USD invoice for consultancy exported to the USA — similar treatment: services supplied outside the EU, with no VAT charged.
  • GBP invoice for a UK customer — post-Brexit, the UK is treated as a third country; the same regime as the USA applies.
  • EUR invoice with reverse charge — construction services supplied to a VAT payer in Romania; the VAT is calculated and paid by the beneficiary.

Common mistakes

  • Using the exchange rate from the day of payment instead of the day the invoice is issued.
  • Calculating VAT directly in foreign currency without converting to RON.
  • Missing the “exempt with the right of deduction” note on service-export invoices.
  • Failing to submit foreign-currency invoices issued to Romanian B2B customers through e-Factura.
  • Leaving the BNR rate off the printed invoice (mandatory when the currency is not RON).

How 4conta helps

  • The BNR rate is pulled automatically — no need to look it up manually on the BNR website.
  • VAT is calculated correctly in RON, regardless of the currency you select.
  • Foreign-currency invoices are submitted to e-Factura automatically, within the legal deadline.
  • The legal notes (VAT exemption, the article applied) are filled in automatically based on the transaction type.
  • All invoices are archived electronically for 10 years, with a full audit trail.

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