Taxpayers, attention! Liability for non-compliance with legislative requirements regarding the transfer pricing reporting

State Tax Service of Ukraine, in order for taxpayers to comply with requirements for submitting the transfer pricing reporting, draws attention to the fact that Article 120 of the Tax Code of Ukraine (hereinafter – Code) provides for liability for non-submission (late submission) of report on controlled operations, transfer pricing documentation, global transfer pricing documentation (master file), country-by-country reports of the international groups of companies, notifications on participation in the international groups of companies, failure to include all information in the submitted report on controlled operations, country-by-country reports of the international groups of companies, provision of inaccurate information in the notification on participation in the international groups of companies and country-by-country report of the international groups of companies.

More detailed information on conditions of application and amount of fines established for non-compliance with requirements of Article 39 of the Code can be found at the link: https://tax.gov.ua/baneryi/onlayn-navchannya/transfertne-tsinoutvorennya-ta-mijnarodne-opodatkuvannya/transfertne-tsinoutvorennya/79168.html.