Parallel imports against the backdrop of sanctions: Accounting and tax treatment

Objectives. This article aims to consider the implementation of parallel imports, as well as aspects that reveal the specifics of its accounting and taxation. Methods. For the study, we used analysis and synthesis, and research methods, based on logical grounds. Results. The article presents the results of the analysis of the specifics of the use of parallel imports in order to meet the needs of people in demanded foreign goods. It reveals the particularities of accounting and taxation of parallel imports and offers recommendations regarding its accounting and taxation by the importing organization. Conclusions. Parallel imports are beneficial to both consumers – individuals and legal entities, and the State under sanctions. Such imports can also be useful to stimulate competition. However, under the guise of parallel imports, it is possible to obtain counterfeit products or products of lower quality.