The lawyers of ILC EUCON upheld the legality of the position of the international oil company in the High Administrative Court of Ukraine. The case was accompanied in courts of administrative jurisdiction for more than 12 years, but, nevertheless, the decision of the court of the first instance, which canceled the tax notice-decisions by the State Fiscal Service authority, was left unchanged by the decision of the court of cassation. The total amount of accrued tax liabilities in the case amounted to UAH 2.5 million.
The lawyers of ILC EUCON managed to defend the legal position that not every business transaction of the taxpayer is profitable in view of risks and specifics of the company’s activities. The amount of unprofitable transactions, in the case of good faith of the taxpayer, may be included in the income tax expenses.
Legal support of the case was provided by the attorney Volodymyr Bevza, led by the managing partner, head of tax, attorney Yaroslav Romanchuk.