Transfer Pricing in 2017 — Improvement Under the Slogan of Liberalization

From 1 January 2017 Ukrain­ian tax legislation regulating transfer pricing has undergone changes, which generally can be evaluated as liberal and which were introduced in the interests of taxpayers. Here is the short list of changes. Increase of Cost Criterion to Recognize Transactions as Controlled This is definitely the most expected busi­ness standard. Preparation of […]

(Русский) Прозрачный фон

Sorry, this entry is only available in Русский.


(Русский) Прозрачный фон

Sorry, this entry is only available in Русский.

Costly mistakes

Given the rise in the exchange rate in recent years, the number of taxpayers engaged in foreign economic operations, which are controlled in terms of transfer pricing, is growing steadily. Based on the information of the DFSU, about 3,000 companies submitted a report on controlled transactions for 2015. At the same time, quite a number […]

Transfer pricing: error in calculation of cost criterion — according to sum of fine

In the event of detection of failure to submit or untimely submission of reporting on controlled operations, a company will receive a fine in the amount of 300 minimum wages set as of 1 January of the reporting year. The amount of such fine for failing to submit reporting in 2015 was UAH 365,400; in […]

Measures for de-offshorization in Ukraine

The fight against offshores intensified around the world after the 2008 financial crisis. The main focus was on combating tax evasion, exchange of tax and financial information, transparency and the disclosure of beneficiaries. According to Yaroslav Romanchuk, managing partner of International Legal CenterEUCON, the major initiatives on de-offshorization at international community level are measures for […]