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The amount of additional revenue received by the state budget if the law on transfer pricing is about 20 billion.

 

This was during the hours of the government in Parliament the Minister of income and fees Alexander Klimenko.

"This amount is, to expert estimates, about 20 billion, but we divide these amounts by year. Part of these amounts already received by the budget this year, if it is adopted (law) soon, because of financial and industrial groups are will rebuild their schemes and the profit is already paid for Ukraine, "- said the official.

According to him, the profits should be taxed and paid where there is production capacity, ie in Ukraine.

"In addition to the budget goes UAH 20 billion in three years, but I think that is not important. The main thing is that we will bring our legislation to the norms that are in Europe today", - concluded Klimenko.

Recall March 12, 2013, Prime Minister Mykola Azarovpidpysav to contribute to the parliament a draft law on the control of transfer pricing.

As reported, the bill of transfer pricing provides an opportunity to January 1, 2018 for the steel industry and agriculture use some weakening in the system of state control.

In addition, according to the bill, the control transfer pricing will be implemented in the event that the aggregate amount of transactions with the counterparty exceeded 50 million per year.

Business will submit reports once a year - May 1 following the reporting year. In the draft law provides that the tax does not have the right to check the pricing in controlled transactions within the ordinary tax audit.

According to the head Mindohodiv Alexander Klimenko, the law on transfer pricing will bring Ukraine in the first year 0.5 billion of additional revenue.

Earlier, First Deputy Speaker Igor Kalyetnik said that a bill on transfer pricing should significantly revise.

 

Source: http://www.epravda.com.ua/news/2013/05/17/375289/

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