On March 31 the III Annual forum “Transfer pricing. Innovations. Practice. Control” was organized by SC “Derzhzovnishinform” with the support of the SFS of Ukraine.
The event was held to explain the innovations of 2016 in legislation on TP and in the Tax Code as well as provide practical suggestions regarding preparation of transfer pricing documentation and reporting on controlled transactions.
Ivan Shynkarenko, Ph.D., partner of WTS Consulting/ KM Partners, made a presentation on the topic “Profit-sharing method: when and how it shall be applied and whether it is appropriable?”. In particular, Ivan examined different approaches to appropriation of profit and explained the algorithm for determining computed and attributable net profit. The expert illustrated theoretical conclusions through specific examples.
The following issues were also discussed at the forum: interpretation of the amendments to the Tax Code on TP (17.07.2015), including increase of financial result of the tax period for controlled and uncontrolled transactions; instruments on prices confirmation for TP purposes; practical issues of TP tax control; peculiar rules regarding indication of separate transactions in the report and documentation, etc.
The forum gathered more than 110 representatives of domestic and international companies-exporters/ importers, accounting and law firms.
* Photo is provided by SC “Derzhzovnishinform”