We inform you that, starting with 1st of January 2024, the Republic of Moldova has implemented a legislative framework regarding transfer pricing, in accordance with the principles of the Organization for Economic Co-operation and Development (OECD). Thus, from the year 2025, the taxpayers from the Republic of Moldova who carry out transactions with related parties, will have the obligation to document those transactions according to the new regulations.
Given our vast experience on this tax compliance topic, in Romania, we are happy to announce that the Crowe România team started offering consulting services in the area of transfer pricing in the Republic of Moldova as well.
If your group of companies is present in the Republic of Moldova and is concerned by the new legal obligations legal obligations, we are at your disposal for:
• Preparation of transfer pricing file;
• Analysis of transactions and justification of compliance with arm's length principle;
• Support in relations with local tax authorities.
The taxpayer who carries out transactions with related parties, with a value of at least 20 mil. MDL has the obligation to prepare and present information regarding the transfer pricing. The taxpayer has the obligation to present the transfer pricing file only upon SFS (State Tax Service) request.
The taxpayer who carries out transactions with related parties with a total value during a fiscal period, calculated by summing the value of transactions carried out with all related parties, excluding VAT, equal to or greater than 50 million MDL, is obliged to prepare and submit the transfer pricing information and the transfer pricing file.
We consider early preparation essential for compliance with requirements, for avoiding certain fiscal risks and for assuring the compliance.
We invite you to contact us for additional details or to arrange a meeting to discuss, in detail about those obligations and the way in which we can assist you in the transfer pricing process.
We thank you for your trust and collaboration so far and we remain at your disposal.
Sincerely,
Mitel Spătaru
Tax Partner Mobile
+40 748 888 288
mitel.spataru@crowe.ro
Alexandru-Victor Nanu
Transfer Pricing Manager
Mobile +40 770 431 931
alexandru.nanu@crowe.ro
Disclaimer
The information contained in this newsletter is intended to give you an overview of new legislation; the newsletter does not contain a comprehensive analysis of each topic. For further information on the topics covered please contact us. No responsibility is accepted for decisions or omissions following the use of the content of this newsletter.
