EY Armenia shared Transfer Pricing Expertise for Businesses

EY Armenia Shares Transfer Pricing Expertise at Armenian British Business Chamber (ABBC) Event

Yerevan, Armenia – [5 June, 2024] – EY Armenia participated in the Armenian British Business Chamber's (ABBC) signature event, "Business Talks," held on May 24th, 2024, at the Armenia Marriott Hotel Yerevan.

Narek Nersisyan, Head of Transfer Pricing Practice at EY Armenia, delivered a thought-provoking presentation on the critical topic of transfer pricing regulations in Armenia.  His presentation explored key areas including:

• Understanding Transfer Pricing: An introduction to the concept and its practical application.
• Transfer Pricing Regulations in Armenia: Covering related taxpayers, notification requirements for controlled transactions, and transfer pricing documentation.
• Advanced Pricing Agreements (APAs): A deep dive into this valuable tool for managing transfer pricing complexities.

EY’s presentation incorporated practical examples selected from EY's extensive experience, providing valuable insights on how businesses can effectively navigate these regulations.  The session concluded with an engaging Q&A session, allowing participants to delve deeper into the intricacies of transfer pricing and its impact on their operations.

"We are grateful to the ABBC for hosting this important event and fostering a platform for these critical discussions," said Kamo Karapetyan, Head of Tax Practice at EY Armenia. "EY Armenia remains committed to collaborating with the ABBC and supporting the Armenian business community."

For further information on how EY Armenia can assist with transfer pricing and other business needs, please contact Narek Nersisyan at Narek.Nersisyan@am.ey.com

About EY Armenia

EY Armenia is a member firm of Ernst & Young Global Limited, offering assurance, tax, transaction, and advisory services. The insights and quality services we provide foster trust and confidence in the capital markets and economies worldwide. We strive to develop leaders who work together to fulfill our commitments to all our stakeholders, thereby playing a vital role in creating a better working world for our people, our clients, and our communities.

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About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Ernst & Young CJSC was established in Armenia on July 12, 1999. Since its inception, EY's rapidly growing office in Yerevan has been offering assurance, tax and law, transaction, and business consulting services to both domestic and international clients. Currently, EY's Armenian office employs 110 professionals who are dedicated to delivering high-quality services to a diverse range of premier institutions across various industries within Armenia.