The latest news of Ukrainian tax law and the impact of global tax trends on it were discussed at the V International Tax Forum in the Premier Palace Hotel on April 13, 2018. The forum was organized by the newspaper Yuridicheskaya Praktika (Legal Practice).
“Traditionally, once a year, on this platform, representatives of legal business, public organizations, legal advisers, judges and people’s deputies are going to sum up the year and predict prospects for future development”.
Larysa Vrublevska, Head of Transfer pricing practice in EUCON ILC, moderated in the section on “Tax structuring, BEPS and TP” with the topic “Transfer pricing 2018. Practical Aspects of Application of Law”. Particularly, Larysa noted the latest changes in law and the peculiarities of its application in practice. She talked about “newcomers” in the list of controlled operations and a cost criterion that will work in 2018. Also, the performance did not spare the list of states that meet the criteria of the TK of Ukraine and the list of organizational and legal forms of non-residents, which are indicated in the relevant Regulations of the Cabinet of Ministers. Continuing to discuss changes in the law on TP, Mrs. Larysa noted the extension of the criteria for recognizing individuals as connected, in the context of subparagraph 14. 1. 159 of TC of Ukraine (Legal entities are connected if the ultimate beneficiary owner (controller) of such legal entities is one and the same individual). Larysa Vrublevska mentioned that if an individual is considered as connected to other individuals in accordance with this subparagraph, such individuals shall be considered as connected.
Andriy Zhurzhiy, the First Deputy Chairman of the Committee of Verkhovna Rada of Ukraine on Tax and Customs Policy, Algirdas Shemet, the Business Ombudsman in Ukraine, Grigol Katamadze, the President of the Association of Taxpayers of Ukraine, as well as Yevgeny Kozlov, the Advisor of the Minister of Finance of Ukraine, the representative of the Reform Support Office, were also participated in the Forum.
EUCON ILC has been the partner of the event not for the first year and is always actively involved in law-making activities in tax matters.