The Ministry of Finance released draft legislation that would introduce changes to the transfer pricing rules in Belarus.
The draft law (Russian) is referred to in English as “amendments to certain laws on taxation and accounting issues.” The draft law is currently subject to public discussion, and an updated version of the draft law is expected to be presented to the government tomorrow, 7 December 2018.
Under the proposal, new Chapter 11 would be added to the tax law, and Article 30-1 that allows a 20% “safe harbor” deviation from the arm’s length range of prices would be repealed. Repeal of this safe harbor would affect how taxpayers justify their transfer prices. Other proposed measures would affect:
In addition, certain new provisions would be introduced including rules for:
Read a December 2018 report [PDF 78 KB] prepared by the KPMG member firm in Belarus
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