Executive summary
On 28 January 2020, the Romanian Government approved the Romanian Government Ordinance implementing the European Union (EU) Directive on the mandatory disclosure and exchange of cross-border tax arrangements (referred to as DAC6 or the Directive).
The Romanian legislation will enter into force on 1 July 2020 and will be effective from 1 July 2020.
The final Romanian Mandatory Disclosure Rules (MDR) legislation is broadly aligned to the requirements of the Directive.
The f…