LAWYERS. TAX CONSULTANTS.
2019 year - 20 years delivering top-class legal services
Transfer pricing (also called “Funds Transfer Pricing” or FTP) is the sale of goods and services between related parties at prices, which differ from those prevailing on the market. Transfer pricing is an international concept and its use cannot be considered a breach of tax law.
Pankov and Associates have been a member of the Chamber of Tax Consultants since 2009. Our specialists are involved in work to improve Russian tax legislation. We can select optimal forms of taxation for your purposes and provide analysis, diagnostics and advice on transfer pricing, thus reducing your expenditures.
We offer our clients:
The provisions of the Russian Tax Code (Section V.1 “Interdependent persons. General provisions for pricing and taxation. Tax control of transactions between interdependent persons”) as amended on 1 January 2012 introduce the concept of “controlled transaction” and establish criteria which define interdependent persons.
Prices in transactions between interdependent persons and equivalent transactions are subject to control by tax agencies. The following factors are taken into consideration to determine whether a transaction is subject to control:
Under the Russian Tax Code a taxpayer is obliged, upon request from a tax agency, to present documentation substantiating the market level of prices used in controlled transactions. The Tax Code does not specify the form of such documentation, but sets out requirements for its content.
The transfer pricing documentation must contain:
Details of these and other changes introduced in the supplement to the Russian Tax Code are described in our article, “Transfer pricing”.
Our professionals will help you deal with issues relating to corporate development, business support, tax planning and legal disputes. We can provide legal support for your business, consolidate its legal basis, defend your company’s interests in court if necessary and offer competent assessments of both Russian and international legislation.
We abide by international professional standards in our work.
Our professionals work in the spheres of corporate development, business management, tax planning and litigation. We can provide legal protection for your business, strengthen its legal foundations, defend the interests of your company in court, and accurately assess its position in respect of both Russian and international law.
We conform to international professional standards