Executive summary
Recently, the Romanian Government published Law no. 123/ 20211 regarding the approval of Government Ordinance no. 5/ 2020 amending the provisions of DAC 6 Directive as transposed in the Fiscal Procedure Code (Mandatory Disclosure Rules (MDR) legislation), in the Official Gazette. The amendments relate to:
- Introduction of an exemption from reporting if certain conditions apply
- Updates to hallmarks B (specific hallmarks related to the main benefit test) and E (transfer pricing …