Lack of consensus and political forces behind Russian TP delay
March 23, 2011
Matthew Gilleard - ITR
Advisers have said the reason behind the delay for transfer pricing rules in Russia is because of unresolved issues about substance, including the mechanism for correlative adjustments and the provisions dealing with the period in which the tax authorities can conduct transfer pricing audits.
As TPWeek reported back in January, when the rules were scheduled to be applied, it seemed no consensus had been reached. Taxpayers may have to sit and wait until 2012 at the earliest.
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