On 20 June 2013, the parliament approved in the first reading the Draft Law No. 2515 which brings amendments to the transfer pricing rules and which will become effective from 1 January 2014. According to the draft amendments, the controlled transactions will also include: -   transactions of companies resident in Ukraine with a related person if the cumulative annual value of such transactions in any particular year exceeds UAH 50 million; and -   transactions with unrelated parties located in foreign low-tax jurisdictions where the corporate income tax rate is equal to or lower than 11% in 2014. Also,...