By Adrian ȚAGA, Ph.D., ADIT, tax advisor, National Tax Agency, Bucharest
On February 16 the Romanian government approved changes to the organisational structure of both the Ministry of Finance and the National Tax Agency.
Among other important changes, this provides the transfer of the advance tax rulings (ATR) unit to the Ministry of Finance. Previously, this unit was included under the National Tax Agency.
The move is part of a larger plan that aims to improve the activity of the revenue authorities in some areas. It also includes the transfer of the tax appeals department to the Ministry of Finance. These changes were previously suggested as a means of creating synergies and enhancing the cooperation between the two units and the tax legislation department.
According to a previous legislative change approved in January, the period for ATR resolution by the tax authority has been increased from three to six months. This period may be extended if supplementary information is required during the process.
-
Adrian ȚAGA, Ph.D., ADIT, is a tax advisor at the National Tax Agency, Bucharest.
This article was prepared by the author in his personal capacity. The facts and opinions expressed in this article are the author’s own and do not reflect the views of the National Tax Agency or any other public institution or body.
Be the first to comment