In series:Global Forum on Transparency and Exchange of Information for Tax Purposes: Peer Reviewsview more titles
Published on October 30, 2015
Romania’s legal and regulatory framework generally requires availability, access and exchange of all relevant information in tax matters in accordance with the international standard. However, deficiencies were identified in respect of availability of information on bearer shares, availability of information on foreign companies with sufficient nexus with Romania and lack of enforcement measures regarding shareholder register’s maintenance requirements for public companies. At present, Romania’s network of information exchange mechanisms covers 119 jurisdictions. Romania’s response to the recommendations, as well as the application of its legal framework and practices will be considered during its Phase 2 Peer Review which is scheduled to commence in the second half of 2015. For further information on the exchange of information practice of Romania and to read the full report click here.