Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARD :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: form 3cd :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: cpt :: empanelment :: articles on VAT and GST in India :: TDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company
Transfer Pricing »
 Here is what Modi government can do for transfer pricing
 Transfer Pricing In International Transactions – An Overview
  Transfer pricing 2017 year-in-review
 New Transfer Pricing Regime to Regulate Documentation
  CBDT notifies secondary adjustment transfer pricing rules
  A web of requirements in transfer pricing regime
 Hong Kong bill would revise multinational firm tax and transfer pricing rules
 India signs Advance Pricing Agreements with the Netherlands
 India eases bilateral transfer pricing norms
 India to accept transfer pricing APA, MAP applications even if corresponding adjustment treaty provision absent
 India Finalizes Pricing Reporting Rules Under OECD Plan

Bosnia's Serb Republic tax body looks into transfer pricing in Nestro Group - report
September, 27th 2017

The tax administration of Bosnia's Serb Republic has found evidence of transfer pricing among companies operating under the umbrella of oil group Nestro that can be open to different interpretations, local media reported.

A months-long inspection of oil refineries Modrica and Brod, fuel retailer Nestro Petrol and Optima Group, units of Russia's NeftegazInCor, has revealed transfer pricing among the companies and the results have been sent to the higher authority to make a decision, news portal quoted the tax administration director, Zora Vidovic, as saying on Monday.

Vidovic told earlier this year that although the Nestro Group is the largest exporter and importer in the Serb Republic, its units have not been monitored for possible transfer pricing since 2011.
Independent auditing company KPMG, which reviewed Nestro Group's latest financial statement, warned of the issue of transfer pricing earlier this year.

"Although the management believes that the group has sufficient and adequate supporting documents regarding transfer pricing, uncertainty exists as to whether the requirements and interpretations of tax and other authorities comply with those of the management," the auditor said.

When examining the companies' financial statements it becomes apparent that significant transactions are made within the group, it added.

According to Brod's audited consolidated financial statement for 2016, the refinery's operating income totalled 82.9 million marka ($50.1 million/42.4 million euro), 76.49 million marka of which was derived from sales to its sister companies. Out of this amount, 76.46 million marka was earned from Optima for the processing of crude oil.

Modrica and Brod, Nestro Petrol and Optima Group all operate under the Nestro Group umbrella.

The oil refineries located in Bosnia's Serb Republic suffered great losses in 2016 and their combined debt reached hundreds of millions of marka. The fuel retailer saw a very slim non-consolidated net profit but its debt remained high.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions