Ukrainian Verkhovna Rada accepts a Draft Law on Transfer Pricing at the second reading
On Thursday 4 July 2013, the Verkhovna Rada of Ukraine accepted a Draft Law on Transfer Pricing No. 2515 (hereinafter, “the Draft Law”) at the second reading. This decision was supported by the votes of 231 People’s Deputies. The Draft Law has been sent to the President for signature.
The adopted Draft Law may be called a compromise between the version insisted on by the Ministry of Revenues and Duties and proposals suggested by representatives of business, since these options were only partially considered. Unfortunately, the Ministry took a principled stand on a range of critical issues, and these remained unchanged.