Galina Akchurina, partner at FBK, presented her report during "Transfer Pricing" conference, organized by C5.
‘Transfer Pricing’ practical conference was held by the Britain company C5 on March 27 – 28, 2012 in Hilton Leningradskaya. FBK Legal participated as a partner of the event. An overview of practical application of the new rules for pricing regulation was presented by FBK partner, head of Transfer Pricing practice, Galina Akchurina.
Galina focused on the main contradictions in law, offered some approaches to be applied when forming a company policy in relation to transfer pricing, structuring transactions and business processes with regard to the new rules. Criteria applied to identify interrelated companies and regulated transactions, external and internal documentation prepared for groups of transactions and other aspects of the new rules were described by the lawyer in details.
Missis Akchurina reminded to the audience that the Federal Law No. 227-?? gave broadened powers to the tax authorities in relation to price controlling. Rules for holding tax audit were also changed. ?According to the law declarations on the regulated transactions as well as relative information prescribed by the Tax Code of the Russian Federation shall be submitted by the taxpayers till the 20th day of May in the year following the reporting year. Tax authorities were also granted with the right to control prices by using any of five approaches stipulated by the law, or by any combination of those?, - mentioned Akchurina.
Report made by Galina Akchurina has attracted considerable interest from business community and was highly rated both by participants and organizers.
Galina focused on the main contradictions in law, offered some approaches to be applied when forming a company policy in relation to transfer pricing, structuring transactions and business processes with regard to the new rules. Criteria applied to identify interrelated companies and regulated transactions, external and internal documentation prepared for groups of transactions and other aspects of the new rules were described by the lawyer in details.
Missis Akchurina reminded to the audience that the Federal Law No. 227-?? gave broadened powers to the tax authorities in relation to price controlling. Rules for holding tax audit were also changed. ?According to the law declarations on the regulated transactions as well as relative information prescribed by the Tax Code of the Russian Federation shall be submitted by the taxpayers till the 20th day of May in the year following the reporting year. Tax authorities were also granted with the right to control prices by using any of five approaches stipulated by the law, or by any combination of those?, - mentioned Akchurina.
Report made by Galina Akchurina has attracted considerable interest from business community and was highly rated both by participants and organizers.
