Main page > About the company > News and mailing > Jurisdictions news > Russian Ministry of Finance improves transfer pricing

Russian Ministry of Finance improves transfer pricing


				07.02.2020
						

The Ministry of Finance of Russia has proposed amendments aimed at improving the control of transfer pricing.

A draft law introducing amendments to the Tax Code has been prepared, providing for the possibility of applying the pricing methods of a foreign state when the contract concludes pricing agreements with the participation of the competent authority of the corresponding state.

The draft also clarifies the conditions for recognizing transactions as controlled. This mainly relates to foreign trade transactions, as well as the transactions between related parties with the participation of an agent.

The text of the project proposes the improvement of the procedure for conclusion of a pricing agreement. In particular, the time limits for consideration of a taxpayer’s application and documents when concluding an agreement on foreign trade transactions are extended and the specifics of concluding such an agreement are provided if the taxpayer’s counterparty submits a similar application to the competent authority of a foreign country. The draft law supplements the grounds for making a decision to refuse to conclude a pricing agreement.

Source: https://regulation.gov.ru/projects?utm_source=newsletter&utm_medium=email&utm_campaign=obzor_sobytiy_v_sfere_nalogov_i_finansov&utm_term=2020-02-06#npa=98828



Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

03/11/2020 11:46:00

Decline taxes in Great Britain

According to last changes, published on the website of Tax Service ...

Read more

02/17/2020 17:56:00

European Comission sends legal warnings regarding anti-money laundering laws

The European Commission has sent legal warnings to Cyprus, Portuga ...

Read more

02/14/2020 13:32:00

UK aims to launch freeports

The UK government has launched a consultation on creating up to 10 ...

Read more