Romania issues further guidance clarifying implementation of EU Public CbCR Directive through Romanian Ministry of Finances Order 1730/2023

13 July 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Romania

Romania implemented the European Union (EU) Public Country-by-Country Reporting (CbCR) Directive as of 1 January 2023.
Recently, the Romanian Government provided additional guidance regarding the entities in scope, "safeguard clause," information to be reported, timing and reporting obligations of subsidiaries.
Businesses should be aware of the nuances and prepare accordingly, taking note of implementation developments across the EU.

Executive summary

The Romanian Government published further guida…

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