Moldova Parliament Considers Bill to Establish Requirements for Determining Transfer Prices

The Moldovan Parliament Sept. 23 accepted for consideration Bill No. 362, to establish requirements for determining transfer prices. The bill includes measures to: 1) regulate transfer prices in controlled transactions among interdependent companies to reflect the market price of goods and services; 2) require taxpayers to submit information on transactions with affiliated companies upon reaching a threshold of 20 million Moldovan lei (US$1 million) during a fiscal period; 3) explain the submission and retention procedures for transfer pricing information; 4) define key transfer pricing concepts; 5) allow the tax agency to verify transfer pricing and adjust related parties’ income or ...