Romania MOF Seeks Comments on Draft Bill to Implement OECD Global Minimum Tax

The Romanian Ministry of Public Finance Oct. 4 opened a consultation on a draft bill to implement EU Directive 2022/2523, ensuring a global minimum 15 percent level of taxation for multinational enterprise (MNE) groups and large domestic groups in the EU. The bill includes measures that would: 1) apply to entities in Romania that are members of large MNEs or domestic groups with annual turnover of at least 750 million euros (US$794.5 million) or Romanian leu equivalent, including excluded entities’ turnover, in at least two of the last four immediately preceding fiscal years of the ultimate parent’s consolidated financial statements, ...