Amendments to the Tax Code of Ukraine under the Law #466-IX will be widely discussed in the business community for a long time: the new tax rules apply to all entrepreneurs regardless their companies' size or financial performance. During our webinar, we reviewed 3 case studies to understand what kind of challenges businesses may face due to the new tax rules and how to be prepared for them. During the discussion, we focused on companies working with non-residents.
The following cases were discussed:
Case 1: Explanation of the changes in a "beneficial owner of income" concept and how it should be applied now, taxation of the payments for the software use and what is the idea of a 'look-through approach' concept;
Case 2: Discussion of the changes in the "permanent establishment" status, amount of fines that can be imposed to non-residents for failure to register a permanent establishment, and how tax authorities can find out such activity of a non-resident in Ukraine;
Case 3: Explanation of the main changes in the grounds for conducting tax audits, what are the features of a mutual agreement procedure and what is the compulsory registration of a non-resident.
Speaker:
Iryna Kalnytska, Partner at GOLAW, Attorney at law. 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. The lawyer 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.
