Ukraine Clarifies that Income from Foreign Exchange Differences Taken into Account for Transfer Pricing Purposes
Ukraine's State Fiscal Service recently issued guidance clarifying that in determining if income/transaction thresholds are met for transfer pricing purposes, income arising from operational and non-operational foreign exchange differences are to be included. Under Ukraine's amended transfer pricing rules, adopted 15 July 2015 ({News-2015-07-29/A/2- previous coverage}), transactions are recogni…
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