On 1 July 2015, Ukraine issued Decision 667-r, which removes Austria from the country's tax haven list. The list applies primarily to transfer pricing rules, where transactions with a resident in a jurisdiction on the list will be subject to the rules whether related or not if the transction threshold is exceeded.
The list also affects the deductibility of cross border expense payments, which are limited to 70% of the expense if paid to a resident in a jurisdiction on the list (reduced from…