Transfer pricing issues faced by financial institutions in Russia
On 4 June 2013 Deloitte CIS held a round table on transfer pricing issues faced by financial institutions in Russia. A number of Deloitte professionals from Moscow, London and Dusseldorf, as well as the Head of the Transfer Pricing Department at the Federal Tax Service of Russia, attended the event, providing an overview on the following topics:
- The latest trends and legislative initiatives in Russian transfer pricing rules
- Transfer pricing methods and benchmarking analysis for financial operations, and transfer pricing treatment of intragroup management recharges
- Establishment of in-house transfer pricing control functions
- Issues arising when preparing notifications on controlled financial transactions and the possibility of automation.
More than 100 participants from Top 100 banks, insurance and leasing companies were in attendance, and they all left impressed by the high quality of presentations and discussions that took place. This round table demonstrated once again that Deloitte has earned its position as one of the leading expert voices on the issues related to transfer pricing.