8 March 2017
On 2 March 2017, the Romanian government announced the approval of a bill for Romania to take part as a BEPS associate in the Inclusive Framework for the global implementation of the BEPS Project. Although the bill formalizes Romania's participation, the government already announced it would participate when the Inclusive Framework was launched in July 2016 and has been listed as a member of the Framework by the OECD.
Members of the Inclusive Framework are committed to the implementation of four minimum standards, including those developed under Action 5 (Countering Harmful Tax Practices), Action 6 (Preventing Treaty Abuse), and Action 14 (Dispute Resolution), as well as Country-by-Country (CbC) reporting under Action 13 (Transfer Pricing Documentation). Members also take part in the monitoring and peer review process for the implementation of the minimum standards.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.