Saga transparentizării continuă. Noi raportări pentru tranzacțiile transfrontaliere
The transparency saga continues. New reporting obligations for cross-border arrangements

Summary/Abstract: The European Union is taking quick steps in implementing a range of Directives transposing the BEPS ideas. 31 December 2019 is the deadline set by EU for transposing the Directive on the intermediaries’ reporting obligations (DAC 6). Although this Directive should be transposed into the national law in less than 3 months, we still do not have any legal texts, which increases uncertainty over its application. The companies should prepare ahead (by reviewing their transactions, by defining monitoring procedures and mainly by thoroughly understanding the reporting criteria) in order to identify the reportable arrangements with companies both within and outside the European Union. This is the more important as the reporting obligation shall apply retroactively, targeting the transactions starting on 25 June 2018 – i.e. almost one and a half years behind – until 31 August 2020.

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