Executive summaryOn 13 January 2021, the Romanian Tax Authority (ANAF) published the DAC6 guidance1 (the Guidance) as provided for in the Government Ordinance no. 5/2020 of 28 January 2020 amending the Procedural Fiscal Code and implementing the European Union (EU) Directive on the mandatory disclosure and exchange of cross-border tax arrangements (referred to as DAC6 or the Directive).Detailed discussionBackgroundAs discussed in EY Global Tax Alert, Romania enacts final MDR legislation, dated 14 February 2020 addressing the approval of final Mandatory Disclosure Rules (MDR) legislation in Romania, the Romanian final legislation does not provide clarification on certain elements such as the...