Russia
Authorities must ensure that Russian firms do not use transfer pricing schemes to increase profits made from oil sold in different markets, advocacy organisations have argued
Russia suspended 38 tax treaties in response to the EU blacklisting the country after the 2022 invasion of Ukraine.
Russia will further its own economic isolation by suspending tax treaties with former allies, but this is part of Putin’s long-term mission.
Impacted countries include many EU member states, as well as Australia, Japan, South Korea, the US and some low-tax jurisdictions.
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Sponsored by GNV ConsultingIndonesia has strengthened its tax disputes framework by adapting a more sophisticated procedure when handling advance pricing agreements (APAs) and mutual agreement procedures (MAPs). Charles Setia Oetomo and Felic Setiawan of GNV Consulting Services examine how the developments are an attractive premise for businesses in the region.
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Sponsored by DS AvocatsCyril Maucour and Jessica Benchetrit of DS Avocats evaluate the effectiveness of the OECD’s new unified approach, which provides market jurisdictions greater taxing rights over residual profits.
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Sponsored by KPMG RussiaIvan Nasonov and Daria Konoplina of KPMG Russia evaluate the development of the look-through approach and explain how tax authorities are becoming increasingly committed to challenging the concept.