When is a fiscal invoice issued?

For Marketplace transactions that use the Escrow service, the following billing options are available.

1. Fiscal invoice with VAT. EUReg issues a fiscal invoice that includes VAT. If the buyer has an intra-Community VAT code from outside Romania, we apply a 0% rate; otherwise we apply Romania's 19% VAT rate.
2. Fiscal invoice without VAT. Available if the seller is a company that is not VAT-registered. The invoice is issued by the seller, and EUReg acts as a payment intermediary.
3. No invoice. Available if the seller is an individual. In this case EUReg acts as a payment intermediary and cannot issue an invoice for this transaction.
   If the buyer is a business and needs supporting documents to record the expense, we can generate a contract between the individual seller, EUReg as agent, and the buyer. In this case no VAT is due, and the purchase is recorded as an expense based on the contract.

For all services provided by EUReg, e.g. intermediation fees or payment processing fees, a fiscal invoice that includes VAT is issued.