Transfer pricing: rules and controls for corporate taxes
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 7, Issue
Abstract
Introduction. Transfer pricing rules are now actively used in many countries and are an effective tool for counteracting tax liability minimization. Improving the tax legislation of Ukraine on this basis in terms of avoiding tax evasion is timely and timely. Purpose. Justification characteristics transfer pricing influence on the corporate tax and its tax control in Ukraine. Results. The article describes the basic rules of transfer pricing in Ukraine and the world, gives an interpretation to its main categories and concepts, analyzes the system of legislative regulation, describes the essence of the principle of "extended hand", details the characteristics of controlled and uncontrolled operations, specifies the particular application of certain methods of transfer pricing, proven efficiency its use for tax control of the accrual and payment of income tax, the information provided with implementation such control, the responsibility of taxpayers for audit results. Conclusion. In world practice, the transfer pricing system has proven itself as one of the most effective instruments of tax control of the income tax. It acts not only as an effective way of conducting business, but is a fairly widespread mechanism for minimizing the tax liability of taxpayers.
Authors and Affiliations
Olena Anatoliivna Petryk, Yuliia Ihorivna Hrynenko
Keywords
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