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Romania imposes new fiscal reporting obligations for multinationals. What do the targeted companies need to know?

Romania imposes new fiscal reporting obligations for multinationals. What do the targeted companies need to know?

Opinion material by Maria Butcu, Director, and Evelina Calin, Manager, Outsourced Service Solutions, Deloitte Romania

On September 1, 2022, Romania published Order no. 2048, which implements the EU Directive on country-by-country reporting (EU) 2021/2101. It brings significant changes for companies operating in Romania, because it obliges certain multinationals to provide detailed information about their activities, profits obtained and taxes paid in each country in which they operate.

For more information, please see the Romanian version of the article, here.

 

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DELOITTE CONSULTANTA SRL