The Ukrainian Parliament is currently considering a draft law for the implementation of several BEPS related measures. The main measures include:
- The introduction of controlled foreign corporation (CFC) rules and related disclosure requirements, including that a foreign company is considered a CFC if a Ukraine resident owns 50% of the company, owns 10% with at least 50% of the company owned by Ukraine residents, or exercises effective control, with the profits of a CFC included in a control…