Current transfer pricing rules which are presented in the articles 20 and 40 of the Tax Code are not working because of some judicial difficulties in their structure. New transfer pricing rules’ authors assert that they took into account foreign countries experience (especially the European Union) in this area and the OECD recommendations concerning transfer pricing.

And now I am going to study this proposed law. If this issue is interesting for you, do not hesitate to ask me any questions.

M.Prohorov. Photo by Vesti 24

One of the richest Russian businessmen Mihail Prohorov will pay 16 milliard rubles (about  500 million USD) to the budget of Krasnoyarskiy kray and to the budget of a little Siberian settlement Eruda (Krasnoyarskiy kray). This became possible because M.Prohorov had registered as a taxpayer in this settlement. And pointed amount of money he will pay is his income tax.

It’s important to mention that settlement Eruda will get about 1.6 milliard rubles and that there registered only 89 constant inhabitants (residents).

Maybe in this year the settlement’s budget of Eruda per inhabitant will be the biggest one in Russian and maybe even in the whole world.