The Ukrainian State Fiscal Service Nov. 14 posted online a letter clarifying that taxpayers may make adjustments to transfer pricing and tax liabilities for controlled transactions. The letter also clarified that adjustments: 1) are permitted only if the amount of tax payable is not reduced; 2) are permitted only if the calculation yields an increase in taxable assets; and 3) must be calculated using Ukraine’s government-approved procedure. [Ukraine, State Fiscal Service Journal, 11/14/19]
Reference:
View Announcement. View SFS Letter No. 1208/6/99-00-05-05-01-15/PKI of 11/06/19.