Romania-Parliament approves participation as BEPS associate

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The government of Romania approved the country’s participation as a BEPS associate on 2 March 2017. As an associate Romania will work with OECD and G20 members to develop standards and monitor the implementation of the BEPS package. Romania has committed to implement the four BEPS minimum standards: Action 5 (exchange of tax ruling information), Action 6 (preventing treaty abuse), Action 13 (country-by-country (CbC) reporting), and Action 14 (mutual agreement procedure (MAP)).

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