Friday, 5 June 2015

Romanian Tax Administration encourages voluntary compliance through Advance Pricing Agreements

On May 21, 2015, the Romanian Tax Administration (RTA) issued a press release concerning Advance Pricing Agreements (APAs) and the issuance process in Romania. This press release reveals the number of APAs issued during the period January 2014-April 2015 and notes the increased transfer pricing voluntary compliance by Romanian taxpayers which are part of multinational groups.
The RTA encourages Romanian domestic groups to also take advantage of the benefits APAs bring.
Source & more info: PwC