Recent trends in transfer pricing at both the local and international levels have brought financial transactions to the fore, which have thus become the object of much more sophisticated approaches by tax authorities focused on qualitative analysis.
Following the evolution and how the Romanian tax authorities approach the financial transactions of companies in the non-banking sector, in the recent period, after the introduction of new guidelines in European legislation, we observe dynamics focused especially on aspects related to the essence, economic nature of these transactions, beneficial owner.
Economic substance is a topic increasingly favored by ANAF
Thus, the substance of transactions and their correct classification are often considered by tax authorities as part of tax audits, as well as by authorities of other countries in the context of the Action Plan on Tax Base Erosion and Profit Shifting (BEPS) and subsequent initiatives of this plan.
Read the rest of the article on the PwC Romania blog
The article was signed by Diana Coroaba, Partner, Ala Popa, Senior Manager and Andrea Dumitrescu, Senior Consultant
Article supported by PwC Romania
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.