About the company > News and mailing > Jurisdictions news > Ministry of Finance of Ukraine introduces BEPS

Ministry of Finance of Ukraine introduces BEPS


				01.10.2018
						

On October 24th, 2018, the Ministry of Finance of Ukraine together with the National Bank of Ukraine (NBU) published a bill on the implementation of the BEPS action Plan. The full name of the project is "the Draft law on amendments to the Tax code of Ukraine for the purpose of implementing the Plan to counter the erosion of the tax base and the withdrawal of income from taxation". Many offshore schemes can be finally deprived of sense due to adaptation of this bill.

The main objective of the BEPS Project is to create a legal framework to combat the minimization of corporate taxation in order to make to using aggressive schemes of international tax planning impossible.

The bill aims to implement in Ukraine the most important points of the BEPS Plan for the country. In particular, the establishment of rules on controlled foreign companies, limiting the cost of financial transactions with related parties, improving of the control over transfer pricing.

It is expected that the bill on the implementation of the BEPS action Plan will be submitted to the Verkhovna Rada before the end of 2018. It is thought that the Law will enter into force not earlier than January 1st, 2020.

On materials of the following website: https://bepsinua.bank.gov.ua/beps/#intbeps

Back to the list

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

03/25/2024 18:25:00

Does the EU stop visa-free travel?

The European Union plans to update the mechanism that allows suspendin ...

Read more

03/20/2024 10:50:00

The 10 happiest and most unhappy countries in the world

The Sapien Labs research group has published an annual report on th ...

Read more

03/19/2024 10:35:00

Romania: new conditions for EU blue cards

On March 8, 2024, new rules governing the use of EU Blue Cards and ...

Read more