The Committee on Taxation and Customs Policy recommends that the Parliament should adopt as a basis the draft law “On amendments to the Tax Code of Ukraine re transfer pricing”

Information Department of the Verkhovna Rada of Ukraine Secretariat
23 May 2013, 08:53

 
The bill (Reg. No. 2515) suggests introducing a mechanism of tax control over transfer pricing (based on the on the “outstretched arm” principle, which is based on the international standard agreed by the member states of the Organization for Economic Cooperation)  

It is suggested to determine the price using five methods: comparable uncontrolled price (analogues of sale); prices of the resale; expenditures plus; and clear profit.

People’s deputies made several suggestions and recommendation to the bill to be considered while pereparing the bill for the d\second reading.