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Ukraine Clarifies Increase in Financial Result for Purchases from Tax Havens and Specified Legal Forms

|Approved Changes|Ukraine
Ukraine

The Ukraine State Fiscal Service recently published an individual tax consultation on the purchase of goods, including non-current (fixed) assets, works, or services by Ukraine residents from nonresidents in tax havens and those established under specified legal forms. In general, Ukraine residents that have conducted such transactions are required to increase their financial result before tax by 30% of the value of such goods, works, or services. The letter clarifies that the increase is not…

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