Pending Exam

Worldwide interest in the issue of transfer pricing (TP) is determined by unbelievable estimates of tax revenue losses. Different sources assume that up to 60% of international trade occurs within the same corporate groups. The big multinationals faced a sophisticated challenge to ensure compliance with transfer pricing rules across the globe, while advisers are required to offer clients up-to-date solutions in enforcing their pricing strategies. Without going into detail, amid all the technical knowledge, it goes beyond learning changes in different jurisdictions but rather creating opportunities for seamless advisory.

The issue of transfer pricing is a relatively new one for Ukraine. But this regulation has undergone significant regulatory changes since its introduction in September 2013. We put a number of sensitive but important questions to Ivan Shynkarenko, partner at WTS Consulting, to analyze the recent TP rules and their implementation in Ukraine.

Generally, our contributors are sure that TP rules in Ukraine could become a pending exam for all: taxpayers, the tax authorities, legislators and advisers.

It is my pleasure to open the new business season with this sort of guide on TP.

Happy reading,

Olga Usenko