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State Tax Service of Ukraine Notes Completition of Campaign for Submission of CFC Reports and Related Penalty Relief Due to Martial Law

|Approved Changes|Ukraine
Ukraine

The State Tax Service has issued a release on the completion of its campaign for the submission of reports on controlled foreign companies (CFCs) for the 2022 and 2023 reporting period, including stats on the number of CFCs and reports submitted by corporate and individual taxpayers. The release also notes the temporary relief from fines and penalties for taxpayers that self-correct compliance errors that led to an understatement of tax liability, which applies from 1 August 2023 until the t…

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