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 starting in 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, these changes will come into effect.
These changes will reduce the administrative and fiscal burden on small and medium-sized businesses associated with the preparation of notifications and documentation.
SCHNEIDER GROUP experts will be happy to analyze any transactions which may be subject to transfer pricing control and to support you in preparation and updating of transfer pricing documentation.