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Romania Joins BEPS Inclusive Framework

by Ulrika Lomas, Tax-News.com, Brussels

09 March 2017


Romania approved legislation to join the OECD's base erosion and profit shifting Inclusive Framework on March 2.

As an Associate member under the Inclusive Framework, Romania will work on an equal footing with other associates and G-20 and OECD countries in the development of further BEPS standards and the peer review process.

Romania will implement and support the review of the four BEPS minimum standards, on harmful tax practices, tackling tax treaty abuse, country-by-country reporting, and improvements to cross-border tax dispute resolution mechanisms.

TAGS: tax | business | law | Organisation for Economic Co-operation and Development (OECD) | Romania | tax authority | agreements | transfer pricing | standards | trade | BEPS

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