Examples of using Controlled transactions in English and their translations into Russian
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Official
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Colloquial
Defining related parties and controlled transactions;
Detection of controlled transactions(free of charge);
Clarifications on the new form of the Report on Controlled Transactions.
The deadline for reporting on controlled transactions in 2017 was extended to October.
Drafting notifications for tax authorities regarding controlled transactions;
Report of controlled transactions should be submitted on the first of May of the year following the reporting one.
Reducing the risk of being audited by reporting on controlled transactions.
Thus, in preparing the report on controlled transactions, you first need to pay attention to the following points.
With or without submission of the report on controlled transactions.
The law has extended the list of types of controlled transactions and the criteria for grouping of separate controlled transactions;
In the following there are more details on the innovations regarding the controlled transactions.
In the reporting year the Company submitted the“Notice of controlled transactions for 2016” to the Tax authority in 2016- for 2015.
Business overview and analysis of commercial andfinancial conditions of controlled transactions;
Moreover, annual reports on controlled transactions should be submitted under the permanent changes, which one should adapt to.
Display of unsold product remainders in the report on controlled transactions.
The report on controlled transactions for 2015 shows business transactions made in 2015, which are recognized as controllable.
Clarification on the definition of the first reporting period for controlled transactions.
There is a 5,000 ruble fine for not submitting notifications on controlled transactions or for submitting notifications with inaccurate information.
Importance of analyzing the economic circumstances of performing controlled transactions.
Companies will be obligated to present the tax authorities information on controlled transactions if the income or expense from the transaction with one partner exceeds one million rubles.
The use of ordinary prices in the calculation of dividends is provided only in controlled transactions.
The following transactions are regarded as"controlled transactions" and fall under the TPrules.
Analysis of the functions is an important stage required for understanding of the roles of the companies participating in the controlled transactions.
It should be noted that the previous tax law rules for preparation of reports on controlled transactions and transfer pricing documentation remain in force.
The above recommendations provide the opportunity to reduce the risks associated with the submission of a report on controlled transactions.
In order to calculate index of profitability as on a grouped set of controlled transactions as on individual controlled transactions, it should be known the following.
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The report on controlled transactions carried out by taxpayers during the year 2016 is filled in and submitted in an updated form and in accordance with the procedure approved by the Order 468.
The threshold interest rates under obligations arising from controlled transactions are also going to change.
The article provides detailed analysis of transfer pricing rules in Ukraine, in particular,each method of transfer pricing and definitions of terms, such as related persons and controlled transactions.