WHAT IS TRANSFER PRICING?
Transfer pricing establishes price control in transactions between related persons, and with counterparties from low-tax jurisdictions.
The basic principle is that prices in transfer transactions should correspond to the level of prices that would exist between independent companies under the same conditions.
TRANSFER PRICING WITH AUDIT-INVEST
There is in Audit-Invest a group of auditors, lawyers, tax advisers, IT specialists who conduct transfer pricing projects. Since the beginning of 2016, we have successfully prepared more than 55 projects and more than 75 consultations on transfer pricing in Ukraine.
Head of Transfer Pricing Department
- Experience in transfer pricing projects in transnational corporations for more than 10 years. Only in 2016 55 documentation packages were prepared and more than 75 consultations were provided
- Member of the Union of Tax Consultants
- Member of the Association of Tax Advisers in Ukraine
- Certified Auditor
We can help you in the next directions:
- Identification of monitored operations
- Calculation and justification of prices
- Distribution of profit between group companies
- Preparation of a report on controlled transactions
- Drawing up documentation on the TCO
- Development of pricing policy
- Consultations on minimization of tax risks
- Advising on the organization of transactions with related parties and offshore companies
THE COST OF TRANSFER PRICING SERVICES
To prepare an individual calculation of the cost of completing the Report on Controlled Transactions and the Transfer Pricing Documentation, we need a list of transactions with related non-resident parties (or residents of low-tax jurisdictions), the volume of transactions with which exceeds UAH 5 million. (hereinafter referred to as "controlled transactions").
1. The number of contracts with each counterparty;
2. The average number of invoices (customs declarations) / certificates of work performed per month (for each counterparty);
3. The average number of units of goods / services in each invoice / certificate of work performed.
Working closely with their colleagues in the field of taxation of legal entities, customs regulation, business consulting and law, Audit-Invest experts assist in structuring intra-corporate transactions, analyzing tax risks associated with the application of transfer prices, and justifying intracorporate prices with tax points of view.
THE RESULTS OF OUR WORK can be used not only for filing with the tax and customs authorities, but also for third parties (minority shareholders or creditors, etc.).
By this letter, TRADING HOUSE MAZ-UKRAINE confirms the provision of services by Audit-Invest for the preparation of a package of documentation and the preparation of a report on transfer pricing in 2016. When there was a question, who will prepare the reporting for transfer pricing, we considered the best auditor companies of Ukraine. Of the many proposals, including the Big Four, we chose Audit-Invest. Advantages of Audit-Invest were: efficiency in work, price, ability to find a solution in unusual situations, benevolence and tactfulness. We would like to note the high professional level of specialists of the audit company, who with great attention to all areas of our activities. When urgent questions arose, they entered into a position and were ready to help the council immediately, even after the end of the working day. As a result, the documentation and reporting were compiled competently and promptly. A distinctive feature of Audit-Invest is a benevolent style of communication and real teamwork. Even if our specialist was busy, the other at the same time picked up and provided professional advice. Therefore, TRADING HOUSE" MAZ-UKRAINE expresses great gratitude to the whole team of Audit-Invest, and in particular Abrosimova Evgenia for professional help! Based on the positive experience of cooperation, we recommend Audit-Invest to all who need a reliable partner in transfer pricing issues!
Eugeniia Shevchenko, chief accountant of MAZ-UKRAINE
Absolut-Steel Ltd. occupies a leading position on the Ukrainian market of industrial rolled metal products, carries out wholesale deliveries of metal products across Ukraine and Europe, which is why the issue of transfer pricing became acute for the enterprise in 2016. The audit firm helped us comply with the domestic legislative requirements in the TCO sphere "Audit-Invest." The specialists prepared documentation for transfer pricing for Absolut-Steel Ltd and provided operational support during the formation of the report on controlled transactions. We would like to note the high level of organization, competence and professionalism of the company's consultants. Audit-Invest has established itself as a reliable business partner. We express our gratitude to the team of Audit-Invest, which worked on our project, for attentiveness and interest in the positive result of cooperation, in the efficient and qualitative fulfillment of the task!
Alexandr Prokopenko, director of Absolute Steel Ltd.
Our company has been cooperating with Audit-Invest since 2008. We want to note the high professionalism of the company's specialists, their continuous professional growth, responsible and creative approach to solving a wide variety of tasks, benevolence and willingness to always help. Monthly seminars held by the company are always interesting and help in the work. Consultations of Audit-Invest employees are always competent, timely, which allows you to quickly solve current problems. In the conditions of constant changes in the legislation, consultations with the employees of Audit-Invest are becoming a real help in the work. We are ready to recommend Audit-Invest to other companies as a high-quality audit company with a high level of service and professional training of employees. We want to thank you for the friendly attitude of the management and employees of the company and wish you continued success.
Mihail Pyatnitsia, director of SEW-EURODRIVE
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