{"id":10730,"date":"2016-02-04T16:46:17","date_gmt":"2016-02-04T13:46:17","guid":{"rendered":"https:\/\/beta.kreston.ro\/2020\/06\/13\/order-442-2016-regarding-the-transfer-price-file\/"},"modified":"2020-06-13T00:48:30","modified_gmt":"2020-06-12T21:48:30","slug":"order-442-2016-regarding-the-transfer-price-file","status":"publish","type":"post","link":"https:\/\/kreston.ro\/en\/order-442-2016-regarding-the-transfer-price-file\/","title":{"rendered":"Order 442\/2016 regarding the transfer price file"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]Order no 442\/2016 regarding the value of transactions, deadlines for preparation, content and conditions to request the transfer pricing file and procedure to adjust\/estimate transfer prices, was published into Official Gazette no 74\/02.02.2016<\/p>\n<p>The main provisions of the Order are:<\/p>\n<ul>\n<li>Large taxpayers who carry out transactions with affiliated parties with a total annual value, exclusive of VAT, greater than or equal to any of materiality thresholds below, are required to prepare annually the transfer pricing file.<\/li>\n<li><\/li>\n<li>The deadline for preparing the transfer pricing file is the legal term set for submitting the annual corporate tax return for each fiscal year.<\/li>\n<\/ul>\n<p>For large taxpayers the value of materiality level is:<\/p>\n<ul>\n<li>200,000 euros for interest received \/ paid<\/li>\n<li>250,000 euros for transactions involving services received \/ provided<\/li>\n<li>350,000 euros for transactions involving purchases \/ sales of goods.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>For small and medium taxpayers, who carry out transactions with affiliated parties the value of materiality level is:<\/p>\n<ul>\n<li>50,000 euros for interest received \/ paid<\/li>\n<li>50,000 euros for transactions involving services received \/ provided<\/li>\n<li>1000,000 euros for transactions involving purchases \/ sales of goods.<\/li>\n<\/ul>\n<p>Taxpayers who perform transactions with affiliated companies under any of the materiality thresholds above, should justify the market value principle, during a tax audit, according to the general rules provided by the accounting and tax regulations in force.<\/p>\n<p>The deadline for submission of the transfer pricing file, at the request of tax authorities, will be between 30 and 60 days and can be extended only once, for a maximum period of 30 calendar days.<\/p>\n<p>Transfer pricing file should not be made by the taxpayers for transactions and periods that are covered by an advance pricing agreement.<\/p>\n<p>The provisions of the Order shall apply to administration procedures initiated after 1 January 2016.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Order no 442\/2016 regarding the value of transactions, deadlines for preparation, content and conditions to request the transfer pricing file and procedure to adjust\/estimate transfer prices, was published into Official Gazette no 74\/02.02.2016 The main provisions of the Order are: Large taxpayers who carry out transactions with affiliated parties with a total annual value, exclusive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[262],"tags":[],"class_list":["post-10730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-alert-en"],"_links":{"self":[{"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts\/10730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/comments?post=10730"}],"version-history":[{"count":2,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts\/10730\/revisions"}],"predecessor-version":[{"id":10732,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts\/10730\/revisions\/10732"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/media\/14902"}],"wp:attachment":[{"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/media?parent=10730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/categories?post=10730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/tags?post=10730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}