Diia City is called to introduce the regulation in IT sector and attract more foreign companies to Ukraine, providing benefits and advantages for both startups and existing IT product and outsourcing companies. The law on taxation of Diia City residents’ activity, adopted on New Year's Eve, has already entered into force, and will soon start working. During the webinar, we revealed the peculiarities and new tax opportunities that will be provided to Diia City residents and its specialists.
During the meeting, we discussed:
- How can a Diia City specialist take advantage of a tax deduction?
- How will the income of a Diia City specialist be taxed, and who will pay taxes: a company or an employee (single social contribution, personal income tax)?
- Will it be beneficial for IT-companies to start cooperating with individual entrepreneur under gig-contracts in terms of taxation?
- How to pay personal income tax and single social contribution if an IT-company is excluded from the list of Diia City residents?
- What are the special income tax payment terms for Diia City residents?
- What is the difference between income tax and exit capital tax?
- How to choose or waive special terms for income tax payment?
- Can a resident of Diia City be a single taxpayer?
- How can a resident of Diia City decide which tax regime is better to choose?
- How will certain transactions be taxed with exit capital tax: dividends, supply of goods/services, royalty payment, cooperation with individual entrepreneurs?
Speakers:
Iryna Kalnytska, partner at GOLAW. Iryna Kalnytska is the Head of Tax, and Restructuring, Claims and Recoveries practices at GOLAW. Iryna advises Ukrainian and global companies on national and international taxation, tax risks mitigation, tax structuring. She successfully represents the interests of clients in complex tax disputes. Iryna also has a strong background supporting banks and insurance agencies in the provision of debt finance, as well as in other various aspects of the finance industry, including debt restructuring and refinancing.
Olena Sulyma, senior associate, attorney at law at GOLAW. Olena advises Ukrainian and foreign companies on taxation. In particular, she carries out the analysis and assessment of tax aspects and risks of the business transactions and activity. Olena successfully represents the interests of the firm’s clients before tax and other supervisory bodies, provides legal support during tax audits, pre-trial settlement of disputes, and litigation disputes of different specializations. She also focuses on the issues of protection of intellectual property rights, companies’ compliance with the legal requirements of advertising law and on consumer rights protection.
