• The Order 1029/11.05.2020 approving DAC6 form in Romania was published in the Official Journal (18.05.2020) and is available at the following link;
  • LinkedIn post regarding DAC6 reporting form for Romania – see link;
  • The world is moving forward: The European Commission recommends Romania to reach a budget deficit of 3% of GDP by 2022, although this is obviously impossible. European economists forecast Romania's budget deficit of 9.2% of GDP in 2020 and 11.4% of GDP in 2021 – click here.


  • CFE’s Tax Top 5 Key Tax News of the week (18 May 2020) – click here;
  • The single European electronic format for annual financial reporting, a new challenge for listed companies – click here;
  • Turkey: Amendments regarding documentation in decree on disguised profit distribution through transfer pricing – click here;
  • Spain’s Council of Ministers approve draft Law on DAC6 – click here;
  • Luxembourg: EC “letters of formal notice” to amend tax law on securitization – click here;
  • Italy’s Supreme Court rules on VAT treatment of intercompany management fees – click here;
  • Netherlands Supreme Court addresses taxation of perpetual securities under debt/equity rules – click here


  • The Latest on BEPS and Beyond | May 2020 edition – click here;
  • Inclusive Framework on BEPS - Countries still can’t agree on update to multinational group taxation rules, OECD official says – click here;
  • United States: Competent authority, changes regarding requests and APA consultations – click here;
  • India amends rules for resolution of tax disputes under MAP – click here;
  • Trade Watch Webcast: How transfer pricing and customs alignment can help enhance cash recovery during an economic downturn – click here;
  • Article - Augmenting Loan Documentation in light of Chapter X of the OECD Transfer Pricing Guidelines – click here;
  • Article - Customs valuation and related party transactions – click here.


  • UK will raise taxes to pay for COVID-19 spending – click here;
  • COVID-19 Global Tax Developments Summary – click here;
  • Transfer Pricing Changes May Result in Potential Customs Tariff Opportunities in a COVID-19 Environment – click here.
Note: Please note that TPS could not be held responsible for the content and accuracy of the information obtained by accessing these websites, nor for the consequences resulted from any activities one performs based on this information. Even though we are monitoring the outbound links, we do not have control over the availability of the information offered by external references or how often the information is updated.



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