print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Rosneft Oil Company press releases

Rosneft Oil Company

December 13, 2013

Rosneft and Federal Tax Service sign agreement on pricing for tax purposes

Rosneft President Igor Sechin and Head of the Federal Tax Service of Russia Mikhail Mishustin signed an agreement between the Federal Tax Service of Russia, Rosneft and its five subsidiaries on pricing for tax purposes.

The purpose of the Agreement is to align the position of the taxpayer and the Federal Tax Service in the definition and application of the pricing methods regarding specific deals between related parties and minimize the risks of possible disagreements between the parties on the matters related to establishment of prices for tax purposes.

In 2012, Rosneft was the first company in the country to enter into an agreement on pricing with the Federal Tax Service of Russia and to disclose its approaches to pricing for the comprehensive taxation purposes. In 2013, the Company keeps pursuing the transparency policy with respect to major deals with its interdependent entities.

Entering into yet another agreement on pricing for tax purposes confirms the high transparency of Rosneft for tax authorities, transparency of its transactions and the willingness of the parties to engage in a constructive and professional dialogue.

Notes for editors:

Agreements on Pricing are a tool in the national tax practice introduced by Federal Law ¹ 227-FZ dated 18.07.2011. Entering into an agreement can significantly simplify the tax administering procedures for major taxpayers and cut costs of taxpayers associated with the tax control. The agreement is aimed at a fair distribution of the tax base between the budgets of the regions of the Russian Federation.

Agreements on Pricing for tax purposes allow taxpayers and tax authorities to determine the market value of transactions in advance – before the actual execution of transactions – to calculate the respective tax liabilities.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer