Romania: New rules in terms of automatic exchange of information on cross-border tax rulings and APAs

New rules in terms of automatic exchange of infor...

According to the information published by the Council of the European Union, on 2 October 2015, EU finance ministers agreed to introduce new provisions for the automatic exchange of information on cross-border tax rulings, this being the latest development concerning the European Commission’s initiative to address tax avoidance and harmful tax competition.

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Detailed provisions to be included in a directive are expected to be finalized before the end of 2015, so the exact content of the new rules will not be known until that time. 

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