Romania Updating Transfer Pricing Documentation Rules

Romania's National Agency for Fiscal Administration (ANAF) has published for consultation a draft order to update the transfer pricing documentation rules in line with the 2022 OECD Transfer Pricing Guidelines, replacing the rules established by Order No. 442/2016. Some of the key points include:

• Large taxpayers are required to submit their transfer pricing documentation electronically within 30 days after the annual tax return deadline (instead of just upon request), and the deadline to su…