Friday, 5 February 2016

Romania: Order published regarding local transfer pricing documentation and transfer pricing adjustment/estimation procedure

On February 2, 2016, the National Agency for Fiscal Administration (ANAF) published Order 442 governing the value of the transactions, the terms for preparing, the conditions and content of the transfer pricing (TP) documentation and TP adjustment/estimation procedures.
This Order includes a number of significant changes in respect of the local TP documentation requirements, the TP documentation content, and the procedure for adjustment to, or estimation of transfer prices. 
Source & more info: PwC