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The new taxing rules for controlled foreign companies will significantly affect the activity of multinational groups in our country

The Directive (EU) 2016/1164, adopted on July 12, 2016 will bring a number of novelties for taxation in Romania, the most important being the introduction of fiscal rules for controlled foreign companies.

In broad terms, a controlled foreign company is a recorded entity that conduct its activity in a jurisdiction or country different of the one in which the society who owns or controls it is a resident.

 

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

Authors

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ERNST & YOUNG SRL