Romania: FATCA Agreement signed between the U.S. and Romania

FATCA Agreement signed between the U.S. and Roman...

On 28 May the Agreement between the United States of America and Romania (“the Agreement”) to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (“FATCA”) regime was signed at the Romanian Ministry of Finance.



The Agreement is listed as following the Reciprocal 1A Model Agreement, which involves a reciprocal automatic exchange of information between the tax authorities of the two states, with the reporting information being sent by financial institutions through the relevant tax authority (Agentia Nationala de Administrare Fiscala – ANAF- in Romania). 

Read the update.

Direct Tax Newsflash

©2022 KPMG România S.R.L., o societate cu răspundere limitată de drept român, membră a organizației globale KPMG, compusă din societăți membre independente afiliate KPMG International Limited, societate privată engleză cu raspundere limitată la garanții.  Toate drepturile rezervate.

Pentru mai multe detalii despre structura globală a KPMG, accesați

Connect with us

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today