Global Forum on Transparency and Exchange of Information for Tax Purposes : Romania 2024 (Second Round).

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Language:

English

Subjects (All):

Tax administration and procedure.

Transparency (Ethics) in government--Law and legislation.

Transparency (Ethics) in government.

Physical Description:

1 online resource (140 pages)

Edition:

1st ed.

Other Title:

Global Forum on Transparency and Exchange of Information for Tax Purposes

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2024.

Summary:

This peer review report evaluates Romania's implementation of the international standards for transparency and exchange of information on request (EOIR) in tax matters. Developed by the Global Forum on Transparency and Exchange of Information for Tax Purposes, the report assesses Romania's legal and regulatory framework and its practical application in ensuring the availability, accessibility, and exchange of financial, ownership, and banking information for tax purposes. The review incorporates compliance with OECD and United Nations model conventions and considers recommendations for improvement. It also references related Financial Action Task Force (FATF) evaluations, focusing on beneficial ownership information and anti-money laundering standards. The report is intended for policymakers, tax authorities, and international organizations working to enhance global tax transparency. Generated by AI.

Contents:

Table of contents

Reader’s guide

Abbreviations and acronyms

Executive summary

Summary of determinations, ratings and recommendations

Overview of Romania

Part A: Availability of information

A.1. Legal and beneficial ownership and identity information

A.2. Accounting records

A.3. Banking information

Part B: Access to information

B.1. Competent authority’s ability to obtain and provide information

B.2. Notification requirements, rights and safeguards

Part C: Exchange of information

C.1. Exchange of information mechanisms

C.2. Exchange of information mechanisms with all relevant partners

C.3. Confidentiality

C.4. Rights and safeguards of taxpayers and third parties

C.5. Requesting and providing information in an effective manner

Annex 1. List of in-text recommendations

Annex 2. List of Romania’s EOI mechanisms

Annex 3. Methodology for the review

Annex 4. Romania’s response to the review report Generated by AI.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

ISBN:

92-64-52332-4

OCLC:

1460463952