TP, TP and again TP! Participants of the Kyiv Tax Forum discussed important issues in the sphere of transfer pricing - EUCON legal Group

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TP, TP and again TP! Participants of the Kyiv Tax Forum discussed important issues in the sphere of transfer pricing

In the context of new reforms and transformation of the Ukrainian economic market, the topic of taxes is more relevant than ever, as it was highlighted by participants of the Kyiv Tax Forum, which took place on November 20 in Kyiv.

The General Directorate of the SFS in Kyiv, with the assistance of the Kyiv City State Administration, conducted the Event within the framework of the Tax Cultivation Program. There are deputies of the Verkhovna Rada of Ukraine and the Kyiv City State Administration, representatives of the Ministry of Finance, SFS of Ukraine, General Directorate of the SFS in Kyiv, academics, auditors, legal experts, international organization, business and public representatives, tax payers among participants of the Forum. The Event was attended by Larysa Vrublevska as a speaker, an auditor, a partner, and a transfer pricing practice manager at the EUCON Legal Group.

During the discussion panel “Transfer pricing in today’s worldLarysa Vrublevska, speaking on the topic of “The influence of transfer pricing rules on the efficiency of the functioning of business structures. The main tasks in the field of TP for companies operating in international markets”, told about the main tasks for holding structures, namely, the centralization of the management and control system, asset protection, rational organization of commodity and financial flows, the optimization of taxation, the conquest of new market segments and the increase of capitalization of business. The speaker also explained the scheme of sales of goods within the group, noting that costs and profits appear only when cash flows cross group boundaries. Mrs. Vrublevska also described the formation of value chain, the structure of analysis of intragroup operations, the classification of services for TP purposes, including services with low and high added value, and referred to the consequences of the adaptation of TP rules within the group of companies.

The forum was also attended by: Vitaliy Klitschko – Head of the Kyiv City State Administration, Olexandr Vlasov – acting director Head of the State Fiscal Service of Ukraine, Lyudmyla Demchenko – Head of the General Directorate of SFS in Kyiv, Nina Yuzhanina – Chairman of the Committee on Taxation and Customs Policy of the Verkhovna Rada of Ukraine, and others.

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