May 20, 2018 is the statutory submission deadline of the transfer pricing notification for the previous year. At the same time Russia has introduced three-tier transfer pricing documentation standards based on the OECD approach.
With this there are many questions arising: shall we as a company comply with this rule starting from January 2018 or do we have some time to adapt?
We have some good news for you here! Up until 2020 there will be no fines and penalties for companies not complying with these rules. Though at the same time it is not easy to understand what the rules exactly are and how to comply with them.
If you are confused about these three-tier documentation transfer pricing rules or have questions – feel free to contact us! We have extensive experience with Russian transfer pricing rules and are ready to support you.