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Russia prepares amendments to transfer pricing law
Pending amendments to the transfer pricing legislation, the Russian Ministry of Finance has prepared draft federal laws aimed at improving tax control over the use of transfer prices for tax purposes and at establishing an institute of consolidated tax reporting for corporate profit tax. Taxand Russia reviews the most substantial amendments proposed by the draft law on transfer pricing.
These amendments may affect trading companies in Europe and elsewhere controlled by Russian residents. If there are such companies among the clients of Taxand - they may be approached. Once pending amendments are passed into law, trading operations of such companies might need to be checked to see if they comply with new transfer pricing rules.
Your Taxand contact for further queries is:
T. (495) 967-00-07
Read the full alert here: