Transfer Pricing rules came into force in Ukraine on September 1, 2013. Since then essential amendments to the TP Rules have been made almost every year and this should be taken into account while planning business transactions with foreign counterparties.
In view of high penalties for failure or delay in submitting the Report on controlled transactions or failure to include a controlled transaction in the Report, or failure to submit Transfer Pricing Documentation upon request, we recommend our clients to be especially careful with the analysis of controlled transactions and their mandatory inclusion into the Report on controlled transactions and proper substantiation of the applied prices in Transfer Pricing Documentation.
As part of our TP services we assist our clients to properly develop their TP policy with due account given to thorough review of the controlled transactions during the tax audits by the tax officers. Having a profound expertise in the TP matters and extensive possibilities of our Nexia International network, we offer our clients highly qualified assistance in planning, management, documenting, assessment and protection of their TP policy and relevant business processes.
Starting from 2013 our TP specialists have successfully provided TP consulting services to more than 100 public and private companies, which, in particular, operate in the following industries: oil and gas; electric power generation and supply; cultivation and selling of various crops; state defense; food; construction; pharmaceutical; machine-building, etc.
We help our clients reducing their TP risks by providing the following services:
|• Analysis of the Group’s business transactions as for their compliance with the effective TP legislation||• Development of methodology for implementing TP Policy, monitoring and control over controlled transactions|
|• Analysis of the Group’s business transactions and idetification of controlled transactions||• Assistance with signing Advance Pricing Agreements|
|• Preparing Report on Controlled Transactions||• Legal support during transfer pricing audits, assistance in administrative or court disputes in TP cases|
|• Preparing Transfer Pricing Documentation||• Training of client’s personnel on transfer pricing issues|
|•Preparing Transfer Pricing policy for the Group of companies|