On 17 May 2010, amendments to the Corporate Income Tax Law, revising the scope of the participation exemption regime, were signed into law (law No. 2156-VI dated 27 April 2010). The participation exemption is extended to dividends received from both resident and non-resident companies over which a Ukrainian shareholder exercises control. (Previously, dividends received only from shareholdings in resident companies were exempt from tax.) "Control" is defined as: -   holding directly or indirectly the largest share in the capital of an entity; or -   managing the largest quantity of votes in the entity's managing body; or -  ...