Russia: First bilateral APA is concluded

Russia: First bilateral APA is concluded

The tax authorities of Russia and Finland concluded a bilateral advance pricing agreement (APA)—Russia’s first bilateral APA.

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Russia’s federal tax authority on 24 December 2020 announced the conclusion of the bilateral APA with the Finnish tax administration. This bilateral APA concerns the procedure for applying transfer pricing methods and pricing to the controlled export transactions of the taxpayer in relation to its delivery of products to Finland. The Russian and Finnish tax authorities set forth the basic parameters under the agreement, which will now be applied by the Russian taxpayer and the related foreign company.


For more information, contact the Global Leader of KPMG’s Global Transfer Pricing Services:

Komal Dhall | +1 212 872 3089 | kdhall@kpmg.com

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