On 15 May 2014, Ukraine's Ministry of Revenue and Duties issued guidance on the application of transfer pricing rules for a taxpayer's transactions with a related resident party who had carried forward losses to offset profit in the previous tax year.
In Ukraine, transactions with a related resident party are subject to transfer pricing rules when the aggregate value of the transactions exceed UAH 50 million or equivalent, and the related party:
- Declared a tax loss in the previou…