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Ukraine Parliament Considering Increased Taxation of Companies Operating in Russia

|Proposed Changes|Ukraine
Ukraine

The Ukraine Parliament is considering Draft Law 7232, which was submitted on 30 March 2022 and provides for the introduction of certain measures in relation to the taxation of companies that maintain business relations with the "aggressor state". This includes measures to increase the tax burden of companies in Ukraine that continue to operate in Russia by increasing corporate income tax, environmental tax, rent (natural resources use tax), and property tax by a factor of 1.5 (increased by 5…

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