The dispute is about supply transactions concluded between Uralkali and a related Swiss trader who resold the goods delivered by Uralkali to independent customers.

The Forte Tax & Law team regularly monitors the legal services market and is always happy to share with you the latest legal trends. Today, we would like to bring to your attention Tax App, an interesting app which is getting more and more popular among tax specialists, lawyers and heads of financial departments.

An appellate court has ruled on a second court case of transfer pricing[1]. The conclusions of this high-profile case will affect all taxpayers who have entered into cross-border transactions with related parties. This case confirms that it is necessary to thoroughly justify why a transfer pricing method has been selected over another and clearly specify the reasons for rejecting the other methods. This case also shows that approaches traditionally used to justify the selection of a certain transfer pricing method may miss the mark. 

The deadline for reporting controlled transactions has expired recently, and all the companies that had to report such transactions can now breathe a sigh of relief. Meanwhile, some companies which filed no reports on controlled transactions for 2013 have already received requests from tax authorities enquiring as to why no reports have been filed.