The State Tax Service reminds of liability for non-compliance with the requirements of the legislation on TP reporting

In order to ensure that taxpayers comply with the requirements for submission of transfer pricing (TP) reports, the State Tax Service of Ukraine draws attention to the fact that Article 120 of the TCU provides for liability for failure to submit (late submission)

♦ report on controlled transactions (hereinafter referred to as "CT"), TP documentation,

♦ global TP documentation (master file),

♦ report by country of international groups of companies (hereinafter referred to as "IHC"),

♦ notification of an ICG, failure to include all information in the submitted report on controlled transactions, report by ICG country, provision of false information in the notification of participation in an ICG and in the report by ICG country.