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Daily Tax Report: International

Ukraine Tax Authority Clarifies Taxation of Transfer Pricing Adjustments for Controlled Transactions

Nov. 18, 2019, 10:01 PM

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.

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