The Verkhovna Rada of Ukraine adopted as a basis the draft law on amendments to the Tax Code of Ukraine re improving tax control over transfer pricing

Information Department of the Verkhovna Rada of Ukraine Secretariat
25 December 2014, 13:56

The bill suggests improving current system of state regulation in the sphere of pricing and eliminating contradictions between norms which negatively influence the insurance of implementing tax policy.

The draft stipulates specifying a list of controlled transactions; canceling the priority of officially recognized sources of information; improving the concept "affiliated parties"; unifying and simplifying accountability about controlled transactions; etc.    

Respective amendments shall be made to the Tax Code of Ukraine.

The Committee on Taxation and Customs Policy suggests excluding paragraphs 13-16 of clause 3 of chapter 1, clause 8 of chapter I, and clause 2 of chapter II from the bill. 

The bill was registered under No. 1264-1.