At the end of September 2022, on the initiative of a group of deputies, a legislative initiative was submitted and registered in the Parliament of the Republic of Moldova, which proposes to introduce legislative provisions on transfer pricing in the Republic of Moldova. Thus, with this approach, the Republic of Moldova joins the countries that have fiscal legislation in the field of transfer pricing, in accordance with the recommendations issued by the Organization for Economic Cooperation and Development (OECD) in this regard.
What is new in the legislative proposal?
First, the bill introduces the basic concept and principles of transfer pricing. Thus, the legislative proposal defines the concept of transfer price, introduces the obligation to prepare a file of transfer prices for taxpayers – tax residents of the Republic of Moldova and establishes the right of the tax authority to adjust the transfer price if it is found that transactions between related parties were not carried out according to the market at a price
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The article was signed by Ionuc Simion, partner of PwC Romania, and Anastasia Derevianchyna, senior manager of PwC Romania
Article supported by PwC Romania
Source: Hot News RO
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