On 15 July 2015, the Ukrainian parliament adopted amendments to the country's transfer pricing rules. The main amendments include changes to controlled transaction thresholds, penalty adjustments and others.
Non-Application to VAT Clarified
The amendments clarify that the transfer pricing rules apply only to corporate income tax and not value added tax (VAT).
Thresholds for Controlled Transactions Increased
The thresholds for recognition of transactions as controlled are as follows:
- T…