QUESTIONS? CALL US: +40 728 095 223 OR SEND US AN EMAIL: OFFICE@ATIPICS.RO
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
From an operational point of view, Energy companies will see a multitude of benefits of containing the complete flow, from upstream to downstream, into intra-group entities. Due to the nature of the activities, these entities are expected to own and transfer high-value fixed assets, as well as large amounts of capital expenditures. Moreover, especially in the context of a highly regulated industry, R&D must be the standard to ensure compliance with environmental policies, as well as to stay competitive and cost-effective.
With the heavy presence of Energy companies in local industrial areas such as Ploiesti, we have adapted our processes as to promptly cater to our clients in this competitive sector, successfully defending their transfer pricing strategies in tax audits.
THE GROUP
The Rompetrol group is the leading Oil&Gas group on the Romanian market, member of the KazMunayGas group with a strong brand presence in a total of 12 countries.
THE CLIENT
Rompetrol group in Romania is split into four business units, Refining and Petrochemistry, Retail, Trading and Corporate Development, activities led by over 10 separate entities.
THE CHALLENGE
Having such many entities with a large number of intra-group transactions, the transfer pricing documentation burden is significant requiring dedicated resources.
THE SOLUTION
Rompetrol group seeked such a dedicated resource to handle the information gathering process and we were able to provide a dedicated person on a temporary assignment.
THE RESULT
Rompetrol group in Romania managed to prepare the annual transfer pricing documentation in due time using the resources we've made available.
THE TAKEAWAY
In cases of temporary transfer pricing tasks that may seem too big to handle internally, you may also consider contracting a temporary dedicated transfer pricing resource to avoid exceeding deadlines.
Ana Mihaela Ionescu
CFO
"While looking for a consultant to help us prepare the transfer pricing file, the ATIPIC Solutions team was recommended. As expected, this team manages to facilitate the process by simply requesting and providing information in a very clear and structured way. We will definitely recommend their services further. ”
Florina Munteanu
Group Tax Director
“The project went according to the initial discussions – no unforeseen situations, no pushing the deadlines, no unreasonable promises. They were open to solve unforeseen issues and prompt in all our correspondence. We also recommend you to follow their insightful newsletter on international tax.”