On 2 December 2010, the parliament adopted the Tax Code of Ukraine. The new rules on corporate income tax will apply with effect from 1 April 2011. The amendments include the following. General -   The corporate income tax rate is gradually reduced from the current 25% to 16% over 3 years. From 1 April 2011, the rate will be set at 23%. In 2012, the rate will be further reduced to 21%, and in 2013 to 19%. Finally, after 1 January 2014, the tax will be levied at a 16% rate. -   Tax losses may be carried forward...