Transfer Pricing Associates | TPA Global Channel
Channel: MyTPAGlobal
Date: 11/05/2017

Transfer pricing in Hungary and Romania

A readiness check on whether your Romanian and Hungarian subsidiaries are fulfilling the local transfer pricing requirements

Transfer pricing is a hot subject for companies operating in Romania and in Hungary. This is because the local tax authorities are focusing more on this topic, with the number of transfer pricing audits increasing significantly in the last few years.

The Romanian transfer pricing legislation was updated in 2016. Although the changes were triggered by the BEPS action plan, not all the provisions of Action 13 were implemented. The new provisions of the transfer pricing legislation impact in particular the category of large taxpayers. The companies include in this category must prepare the local transfer pricing report by the time the corporate tax return is submitted. This measure has put an increased pressure on these companies which sometime struggle with the availability of information.

In Hungary the topic has been in the focus for many years. Hungarian tax payers have to face with many tax audits that is why lots of experience is gathered. During the webinar we will provide an update on the Hungarian TP related requirements and we will share our experience gained during tax audits and court cases where Sándor Szmicsek was invited to be a tax expert witness.  

The webinar will consider the following:
1.General presentation of Romanian transfer pricing legislation, including the changes applicable for 2016.
2.The main transfer pricing risks faced by companies operating in Romania.
3.Practical experience of transfer pricing audits in Romania
4.Update of the Hungarian transfer pricing legislation including the actions Hungary has taken after (in the course of) OECD BEPS related programs
5.Practical experience of transfer pricing audits and court cases in Hungary

Speakers
• Liviu-Mihai Gheorghiu, Senior Manager Transfer Pricing, Mazars Consulting SRL, Romania
• Lucian Dumitru, Senior Manager, Taxation Services, Romania
• Sándor Szmicsek, Partner, Mazars Kft., Hungary
• Gabriella Nagy, Director, Mazars Kft., Hungary

For all our webinar recordings please visit 
www.tpa-global.com/e-archive