The main topic of the meeting was “Opportunities and Risks for Ukrainian Banks and Ukrainian Investment Firms Offering Foreign Securities (Bonds and Equities) to Their Customers”.
The meeting, inter alia, was devoted to the discussion of the following:
- Why can Ukrainian banks become liable for taxes while buying foreign securities for individual customers?
- For how long would Ukrainian retail banks survive without offering access to foreign securities for individual customers?
- What is taxable for the individual investor from Ukraine in the US securities market: investment profit, capital gain, interest, dividends, the exchange rate of USD to UAH?
- Can individual investors insist on using USD as the nominal currency of investment to determine the tax consequences in Ukraine?
- Taxes paid in the US (on dividends and other income) – how to obtain tax credit in Ukraine?
- Taxation of operations with crypto currencies and securities tokens outside of Ukraine by Ukrainian tax residents: how to catch the invisible?
- Automatic exchange of information: when would US securities brokers release information to the Ukrainian tax authorities?
Speakers:
- Olga Bogdanova, Advisor to Deputy Minister of Finance of Ukraine
- Vita Forsyuk, Deputy Head of to the Secretary of the Parliamentary Committee on Finance, Taxation and Customs Policy
- Roman Goptsii, Member of Reform Support Team within the Ministry of Finance of Ukraine
- Dmitriy Mikhailenko, Managing Partner, Crowe
- Anna Nevmerzhytska, Co-Chair of the Chamber Tax Committee, Director, Leader of International Tax and Financial Services Practice, PwC Ukraine
- Mykhailo Poliakov, Co-Chair of the Chamber Tax Committee, Manager Fiscal Affairs, Philip Morris Ukraine
- Tetyana Popovych, Co-Chair of the Chamber Banking & Financial Services Committee, Capital Markets Director, Alfa Bank Ukraine
- Vitalii Smerdov, Director of the Chamber of Tax Advisers
Moderator:
- Ihor Olekhov, Co-Chair of the Chamber Banking & Financial Services Committee, Partner, CMS Cameron McKenna Nabarro Olswang
