On 2 February 2016, Romania published Order No. 442/2016 in the Official Gazette concerning transfer pricing documentation preparation and submission requirements.
Transaction Thresholds
Under the order, large taxpayers should prepare transfer pricing documentation annually if annual aggregate transactions with related parties meet the following thresholds, excluding VAT:
- EUR 200,000 for interest received or paid for financial services;
- EUR 250,000 for services received or provided; and
- E…