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: form 3cd :: list of goods taxed at 4% :: articles on VAT and GST in India :: TDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit
« Transfer Pricing »
 A web of requirements in transfer pricing regime
 RBI panel reveals ad hoc, arbitrary practices by banks to inflate interest rates
 Taxman tightens reporting norms for MNCs
 Sabh Infrastructure Ltd Vs. Asstt. Commissioner Of Income Tax
 Transfer Pricing For Multinational Entities
 The wash up - Transfer pricing and the Commissioner of Taxation
 Bosnia's Serb Republic tax body looks into transfer pricing in Nestro Group - report
 Catherine Harlow is new head of transfer pricing at AstraZeneca
  Transfer Pricing Adjustments - The Current Irish Landscape
 Transfer Pricing Adjustments - The Current Irish Landscape
 Will politics trump economics on petrol, diesel pricing?
 Private equity funds take ‘double decker’ route to escape tax here
 India to reform port pricing to spur investment
 New rules to cut transfer pricing disputes
 NLSIU gets endowment chair to carry out research on international best practices

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 2017 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