What should Ukrainian CFC owners expect from Law 8137?
Law No. 8137, under consideration by the Verkhovna Rada since October 19, 2023, introduces numerous changes to the tax regulation of CFCs. Let's break it all down.
Automatic exchange of tax information (CRS) in Ukraine
In March 2023, the Verkhovna Rada of Ukraine passed Law No. 2970-IX, which introduced the international standard for the automatic exchange of financial information.
Digital money for Ukrainian individual entrepreneurs
There is no reason to say that a sole proprietor or LLC can safely use their electronic account with Revolut, Wise, and Payoneer without risks in Ukraine
Do you need to submit a CFC report in Ukraine in 2023?
What to do when the Tax Service asks to notify of the intention to submit the CFC report for 2022 simultaneously with the annual return for 2023
CFC 2023 during martial law in Ukraine
What happens if you fail to CFC report or changes in the company's shares that occurred in 2022? Are there any fines during martial law in Ukraine?
Why should you not buy a ready-made business?
As experts in the field, we recommend starting your own business. What are the pros of this option?
VAT on Digital services in Ukraine
Additional taxation of advertisers and users in Ukraine. Facebook, Netflix, Upwork and other platforms are among those covered by the Google Tax Act
Law No. 466-IX of the CFC Notification
If you are a CFC owner, you are obliged to submit a CFC notification within 60 days and prepare reports for the previous reporting period
Tax free liquidation of a CFC
Can a CFC be liquidated? What needs to be prepared for the liquidation of a Controlled Foreign Company? Are there additional penalties for owners?
