Ukraine's State Fiscal Service recently issued a guidance letter clarifying changes implemented as part of the 2016 Budget ({News-2015-12-31/A/7- previous coverage}), including changes to corporate tax reporting and advance payment requirements, and certain deductions. The changes are generally effective from 1 January 2016.
New Tax Reporting Requirements
Under the new requirements, taxpayers must file a quarterly tax return within 40 days following the end of each quarter. However, an an…