The State Tax Service, with the support of EU4PFM, is introducing an innovative IT solution for processing large datasets in the area of transfer pricing (TP)
The primary goal of the project is to automate tax control procedures, ensuring that controlled transactions comply with the “arm’s length” principle. Given Ukraine’s aspirations for EU integration, adherence to the OECD’s transfer pricing guidelines for multinational companies and tax authorities is crucial.
The introduction of this IT system is key to strengthening the effectiveness of tax oversight regarding compliance with transfer pricing rules and will ensure:
improvement of risk-based approaches;
enable timely identification and resolution of transfer pricing violations;
reduce tax violations and legal disputes;
minimize the impact of human error.
This new IT solution will be integrated into the operations of the State Tax Service in the near future. EU4PFM remains committed to supporting the State Tax Service in adopting the latest European approaches and IT technologies.