Ukraine's Ministry of Revenue and Duties recently issued guidance on advance tax payments and conditions for exemption. Key aspects of the guidance include the following:
- Advanced tax payments must be made by the 30th of the month following the reporting month and must be equal to 1/12 of the previous tax year's corporate tax liability
- Advance tax payments are not required in the tax year in which a tax payer is incorporated
- Non-profits and corporate taxpayers whose taxable income does not exc…