Romania: Considerations on country-by-country reporting requirements
The Romanian transfer pricing environment has become highly litigious in recent years Under BEPS Action 13, large multinational enterprises (MNEs) are required to prepare country-by-country (CbC) reports with aggregate data on the global allocation of income, profit, taxes paid and economic activity among tax jurisdictions in which the MNE group operates. CbC reports should be shared among tax administrations in jurisdictions in which the MNE group operates, for use in high level transfer pricing and BEPS risk assessments. Most often, a Romanian constituent entity is required to file a CbC re...
Source: internationaltaxreview.com