The Verkhovna Rada of Ukraine adopted the Law “On amendments to the Tax Code of Ukraine re accounting period when applying provisions of transfer pricing”

Information Department of the Verkhovna Rada of Ukraine Secretariat
13 May 2014, 13:32

 The law establishes that the first report on controlled transactions for the period of September 1 – December 31, 2013 shall be submitted until October 1, 2014 instead of May 1, 2014; no fines shall be imposed in connection with independent adjustment of financial obligations; the amount of fines for non-submission of report on controlled transaction shall be reduced, etc.   

In view of this, it is suggested supplement sub clause 10 of section XX of “Transitional Provisions” of the Tax Code of Ukraine with new clause 23.

The respective bill was registered under No. 4527.