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Ukraine Parliament Approves Implementation of BEPS and Other Measures

04 February 2020

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Approved Changes

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Ukraine

The Ukraine government has announced the adoption by parliament on 16 January 2020 of draft laws on the improvement of administration of taxes and elimination of certain inconsistencies in tax legislation (Law No. 1209-1 and Law No. 1210), which includes the implementation of several BEPS related measures and certain others. The main measures include: The introduction of controlled foreign corporation (CFC) rules and related disclosure requirements with the corporate income tax return, including that a foreign company is considered a CFC if a Ukraine resident owns 50% of the company, owns 10% with at least 50% of the company owned...