The Romanian National Agency for Fiscal Administration has announced the publication of Emergency Ordinance No. 42/2017 in the Official Gazette of 13 June 2017. The Emergency Ordinance amends Law No. 207/2015 on the Fiscal Procedure Code for the implementation of Country-by-Country reporting requirements in line with the requirements of the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) as amended for the exchange of CbC reports. The main aspects of the fina…