In accordance with the new amendments to Art.105.14 of the Tax Code of the Russian Federation the following transactions will not be subject to transfer pricing control beginning from 2019:
- domestic transactions between related parties provided that the aggregate income from transactions does not exceed 3 billion rubles per calendar year;
- сross-border transactions between related parties provided that the aggregate income from such transactions does not exceed 60 million rubles per calendar year.
Draft law № 249505-7 is currently with the Federation Council of the Russian Federation. As soon as it will be signed by President Vladimir Putin and officially published afterwards, these changes will come into force.
These changes will reduce the additional administrative and fiscal burden on small and medium-sized businesses associated with the preparation of notifications and documentation.
The experts of SCHNEIDER GROUP will be pleased to analyze your transactions which may be subject to transfer pricing control and to support you in regard to preparation and update of transfer pricing documentation.