The Ukraine Parliament is considering Draft Law 8137 on amendments to improve the taxation of controlled foreign companies (CFCs), which was submitted for its first reading on 16 November 2022. The measures of the draft law include:
- Providing an opportunity for taxpayers to submit their CFC report and to calculate the net income of CFCs for the reporting period together with the corresponding tax reporting (return) for the year following the reporting year (note, it has already been provide…