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The deadlines imposed by the DAC6 Directive in Romania have been extended

In this issue:

Emergency Ordinance no. 107 regarding the amendment of art. II of the Government Ordinance no. 5/2020 for the amendment and completion of Law no. 207/2015 on the Fiscal Procedure Code and for the extension of certain deadlines, published in the Official Gazette no. 579 of 1 July 2020

 

The Emergency Ordinance no. 107 transposes the provisions of the Council Directive (EU) 2020/876 of 24 June 2020 amending Directive DAC 6 in order to address the urgent need to postpone certain deadlines for the submission and exchange of information in the tax field as a result of the pandemic COVID-19.

The deadlines imposed by the DAC6 Directive in Romania have been extended as follows:

  • The reporting deadline of 31 August 2020 for reporting the cross-border arrangements where the first step of implementation has been made between 25 June 2018 and 30 June 2020 is postponed to 28 of February 2021;
  • The reporting deadline of 30-day period for reporting cross-border arrangements which qualify as reportable, made available for implementation, ready for implementation or for which the first step of implementation has been made between 1 July 2020 – 31 December 2020 is postponed until at the latest until 1st of January 2021. This deadline also applies to intermediaries who have provided, directly or by means of other persons aid, assistance or advice with respect to designing, marketing, organising, making available for implementation or managing the implementation of a reportable cross-border arrangement, between 1 July 2020 – 31 December 2020;
  • The dedline for preparing the first report through which new or updated information regarding marketable arrangements is provided to the tax authorities every 3 months, is postponed to 30 April 2021;
  • The deadline for carrying out the first automatic exchange of information between the tax authorities is extended until 30 April 2021.
 

Feel free to reach out to us should you like to receive detailed information on the provisions brought by this normative act as well as its implications for you.

For more information or details on the above you may consult the Emergency Ordinance no. 107, or you could contact us directly in order to clarify any other questions.

 
Prepared by:
Miruna Enache – Partner, Transaction Tax Leader
 
For additional information, please contact:
Alex Milcev – Partner, Tax & Law Leader Romania
 
Ernst & Young SRL
Bucharest Tower Center Building,
22nd Floor, 15-17 Ion Mihalache Blvd.,
Sector 1, 011171, Bucharest, Romania
Tel: (40-21) 402 4000, Fax: (40-21) 310 7124
Email: office@ro.ey.com
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