On 17 May 2010, amendments to the Corporate Income Tax Law, revising the scope of the participation exemption regime, were signed into law (law No. 2156-VI dated 27 April 2010).
The participation exemption is extended to dividends received from both resident and non-resident companies over which a Ukrainian shareholder exercises control. (Previously, dividends received only from shareholdings in resident companies were exempt from tax.) "Control" is defined as:…