The IV International Tax Forum Results - EUCON legal Group

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The IV International Tax Forum Results

On April 12, 2017 the Fourth International Tax Forum organized by Yurydychna Praktyka Publishing House took place in Kyiv. Traditionally, EUCON International Legal Center was the General Partner of the forum.

The forum started with a panel discussion, which was devoted to global tax trends and their impact on Ukraine. Yaroslav Romanchuk, attorney, Managing Partner of EUCON International Legal Center moderated the discussion, which brought together the following speakers: Deputy Finance Minister of Ukraine Yevhen Kapinus, Deputy Chairman of the Verkhovna Rada Committee on Taxation and Customs Policy Andrii Zhurzhii, Business Ombudsman in Ukraine Algirdas Šemeta, Deputy Chief of the State Fiscal Service in Kyiv Zlata Lahutina and others.

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As part of the panel discussion, experts talked about the stages of Ukraine’s accession to the BEPS plan; prospects of tax information exchange; global trends in taxation, namely the transition from tax competition model to the tax cooperation model; and whether the changes in tax legislation were going to improve the investment climate in Ukraine.

Summing up the discussion, Yaroslav Romanchuk pointed out that international taxation trends will definitely affect the tax system of Ukraine, but changes require the political will first of all.

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The second section of the fourth session was devoted to transfer pricing and international taxation, and was moderated by Larysa Vrublevska, auditor, Partner, Head of Transfer Pricing at EUCON International Legal Center. Experts discussed the effects of the liberalization of transfer pricing legislation. “Many companies have fallen out from the list of controlled ones due to the three-fold increase of the cost criteria, however, at the same time, certain changes have become consistent with one another ” – said Larysa Vrublevska.

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Yevhen Petrenko, Partner, Head of Criminal Law and Procedure at EUCON International Legal Center spoke about the consequences of the appeal and cancellation of tax notices-decisions in the context of criminal prosecution of business. “More often than not, tax audits are used by tax authorities as a tool for obtaining evidence for further criminal proceedings”, – stressed Yevhen.

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