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Changes to the Tax Code of the Russian Federation on pricing agreements

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On 25 September 2020, the draft law “On amending part one of the Russian Tax Code to improve tax control over prices, and on the procedure for entering into advanced pricing agreements” (hereinafter, the “Draft Law”), was passed to the State Duma. The Draft Law, among other provisions, is intended to optimise the procedure governing the conclusion of advanced pricing agreements (hereinafter, “APA”).

We at KPMG actively support our clients in all matters related to the conclusion of bilateral APAs, and have particular experience involving agreements with the tax authorities from Finland (an approved APA is now at signing stage), Switzerland, and Germany, as well as other countries. Detailed information about our services, including APA-related services, is presented on our website. Our team at KPMG will be pleased to answer any questions you may have about this Draft Law in more detail and give you any assistance you need in obtaining an APA, or in respect to any other issues related to the application of transfer pricing legislation.