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Team of independent transfer pricing & DAC6 consultants
T +40 728 095 223
Email: office@atipics.ro
ATIPIC Solutions
58 General Petre Popovat, ground floor, Bucharest 6, Romania
During 2020 and expected in 2021, there has been a rising demand for quality housing conditions, mainly due to the sudden lockdown period, work from home as the norm, as well as the increasing purchasing power of Romania's residents. Therefore, with a busy real estate market that has seen no significant impact post-COVID19 pandemic, the construction materials sector has been as active as ever.
This is the same reason why it is expected for these companies, part of a multinational enterprise, to be under strict scrutiny by the local tax authorities in the period to come. If your company has not yet prepared the transfer pricing file, let's talk!
THE GROUP
TGM Group is a Romanian based group of companies, comitted to provide local qualitative construction materials and services, with consolidated turnover in excess of RON 50 million.
THE CLIENT
The Group's companies are producing construction materials such as ballast, gravel aggregates and concrete, as well as provide several types of related services.
THE CHALLENGE
During 2019 – 2020, the Group faced not one, but two consecutive tax audits from the Romanian Tax Authorities, both for which we aided in the preparation of the transfer pricing files.
THE TAX AUDIT
The tax audits were conducted by two different teams and were aimed at analysing the intra-group activity of two distinct companies of TGM, separated by one year distance.
THE RESULT
Even though the two audits were performed by two different teams, both the Romanian Tax Authorities’ teams accepted entirely the transfer pricing files we prepared.
THE TAKEAWAY
Double the time and efforts of auditing, no adjustments or penalties – this is the result of having a well-prepared transfer pricing team of consultants on your side.
Teodora Teodorescu
Chief Accountant
„Our successful collaboration with ATIPIC Solutions has allowed us to keep our transfer pricing at arm's length during past 3 years. Year by year we trust them to guide us in performing accurate year-end transfer pricing adjustments. Moreover, we also appreciate the insightful newsletter that we are receiving on a quarterly basis from ATIPIC Solutions.”
Laurențiu Bălan
Shareholder
"I was especially looking for a company specialized in transfer pricing and even more so a company that has access to the Orbis database, the database used by tax inspectors. The tax audit team accepted the transfer pricing file exactly as it was prepared by the ATIPIC Solutions team. We recommend them if your company is currently or will be facing a tax audit.”