Romania Issues Draft Order on Transfer Pricing Documentation Preparation and Submission Requirements

Romania's Ministry of Finance recently issued a draft order for transfer pricing documentation preparation and submission requirements.

Transaction Thresholds

Under the draft order, documentation should be prepared by large taxpayers with aggregate transactions with related parties that equal or exceed the following thresholds, excluding VAT:

• EUR 200,000 for interest registered for financial services;
• EUR 250,000 for the provision of services; and
• EUR 350,000 for transactions consisting …