The official text of the law on amendments to the Tax Code (#1210) has been published. The lawmakers made hundreds of edits to the document since the beginning of the year, when the draft of the law has been introduced, and last week it has been finally signed by the President of Ukraine. In particular, the concept of constructive dividends, Controlled Foreign Corporation (CFC) rules, introduction of a "business purpose test" are quite controversial and require additional discussions. During the seminar, we explained which amendments can be considered as positive or negative, how these changes will influence local business and should we really expect substantial changes.
In particular, we considered:
- Tax administration:
- Limitation periods
- business purpose test
- Responsibility
- Tax audits
- Administrative appeal
- Permanent establishments
- Income tax for non-residents
- Controlled Foreign Corporation (CFC) rules
- Income tax
- VAT
- Simplified tax system
Speakers:
Iryna Kalnytska, Partner at GOLAW, Attorney at law. Iryna 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.
Olena Sulyma, Senior Associate at GOLAW, Attorney at law. Olena specializes in tax law. In particular, she carries out the analysis and assessment of tax aspects and risks of the business transactions and activity.
Viktoriia Bublichenko, Associate at GOLAW. Viktoriia is well experienced in complex legal support of business, including, inter alia, legal counseling of clients in tax and commercial law. Viktoriia consults Ukrainian and foreign companies on taxation aspects of transactions from the standpoint of Ukrainian and international tax legislation.
