deemed interest benefit

21:49 Nov 27, 2018
English to Russian translations [PRO]
Law/Patents - Law: Contract(s) / Налогообложе�
English term or phrase: deemed interest benefit
In summary the tax consequences are as follows:
• the beneficial owner may be taxed in Cyprus on the deemed interest benefit of 9%,
• the company will has obligation for preparation of Transfer Pricing, which will determine (based on the arm’s length principle) the taxable income from the financing activities of the company, irrelevant of the contractual arrangements.

Therefore even though the company’s shareholder is the trust, due to the fact that the trust is not considered to be a separate legal entity, yet it is transparent, the Tax Authorities may challenge the relationship between the company and Ivan Ivanov, and impose deemed interest benefit on the loan agreement.

If the Cyprus tax authorities impose deemed interest benefit on the loan agreement, then the following apply
Aovin
Russian Federation
Local time: 15:21


Summary of answers provided
4вменённая выгода от экономии на процентах
danya
3 -1признанная процентная выгода
Vladyslav Golovaty


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
признанная процентная выгода


Explanation:
усматривают получение сторонами необоснованной налоговой выгоды. ... Сумма признанных, но невыплаченных процентов составила почти 100 ... https://www.pwc.ru/ru/tax-consulting-services/assets/legisla...

Vladyslav Golovaty
Ukraine
Local time: 15:21
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 232

Peer comments on this answer (and responses from the answerer)
disagree  danya: не признанная и вряд ли процентная
6 hrs
  -> так говорят реальные юристы
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9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
вменённая выгода от экономии на процентах


Explanation:
...от сниженной процентной ставки

у нас говорят материальная выгода, но я бы использовал вменённая для deemed
http://www.consultant.ru/document/cons_doc_LAW_28165/a52899b...

danya
Local time: 15:21
Works in field
Native speaker of: Native in RussianRussian
PRO pts in category: 222
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