The Effect of Martial Law on Transfer Pricing in Ukraine
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 11
Abstract
The purpose of this study was to describe the current state of tax control over transfer pricing in Ukraine. Analysing the effect of war and martial law on the tax system on the whole and transfer pricing as well, I would like to say that the situation shook the system, but nevertheless, it managed to rehabilitate itself and survive, in turn, standing on wartime slats. The practical significance of the study lies in the complex analysis and evaluation of the current situation of the transfer pricing processes taking place in Ukraine. For Ukraine, in practice, the experience of European countries and case law can be found, which have formed a number of important and progressive legal positions and conclusions to improve control in the field of transfer pricing. The practical novelty of the obtained results consists in a comprehensive analysis of the impact of transfer pricing on the current state of tax management in general. While the EU countries and the UK introduce additional temporary taxes on excess profits on electricity production between 2021 and 2023, as well as on excess profits received from activities in the oil, gas, coal and oil refining sectors, Ukraine introduces an income tax for all companies in any industries in the amount of 2% of the turnover, in order to keep the business afloat. In particular, I would like to note the effectiveness of the work within the framework of the EU4PFM international project, which made it possible, even in wartime, not only to preserve the achievements of pre-war times, but also to start the development of new software products and OECD support for the harmonization of Ukrainian legislation with EU norms in the context of the further integration of Ukraine into the European Union. The main goal of this work is to determine the effectiveness of transfer pricing in Ukraine today, as well as to assess the development prospects for Ukraine in this direction.
Authors and Affiliations
Inna Korin
Keywords
Related Articles
- EP ID EP726510
- DOI 10.47191/jefms/v5-i11-04
- Views 76
- Downloads 0
A Model for Clustering and Predicting Customer Behavior in a Structured Data Set
The main goal of the work is to study the process of leads coring. In this paper, two ways of lead generation are explained – manual and using predictive models. This condones, per investigation, is the most efficient wa...
Naira to Dollar Exchange Rate Fluctuations and Nigeria’s Balance of Payment
The authors analyze how changes in the value of the naira affect the country’s overall trade surplus or deficit. The 2020 edition of the Central Bank of Nigeria Statistical Bulletin was consulted for data on the country’...
Employee Job Satisfaction of PT. Indo Acidatama Tbk Reviewed From Organizational Culture, Communication and Work Stress
Employee Job Satisfaction is something that is quite crucial and must be paid attention to by employees. Good Job Satisfaction experienced by employees will halve a good impact on the activities and development of the co...
P2P Lending’s Credit Risk in Vietnam: Determinants and Discussions
The recent upsurge in information technology has created the automation of processes and the reorganization of the chain of financial business area. In a new trend technology application, peer-to-peer lending (P2P) model...
The Validity of the Short Run and the Long Run Phillips Curve in Kenya
Levels of unemployment is of great concern to policy makers in most world economies. Many models have been developed to address the problem but no clear solution has been found. Closely related to unemployment is the pro...