Ukraine: Ukraine amends list of low-tax jurisdictions

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Ukraine: Ukraine amends list of low-tax jurisdictions

Omelchuk-Nadiya

Nadiya Omelchuk

On October 16 2015, the Cabinet of Ministers of Ukraine adopted Resolution No. 977-R, which amends the list of low-tax jurisdictions for transfer pricing purposes.

In this context, 'low tax jurisdiction' for transfer pricing purposes refers to a state or territory with a corporate tax rate at least five percentage points lower than Ukraine's general corporate rate of 18%. With the newly adopted resolution, the following countries have been removed from the list of low-tax jurisdictions:

  • Georgia;

  • Guadeloupe;

  • Jamaica;

  • Lebanon;

  • Luxembourg;

  • Malta;

  • Morocco;

  • Singapore;

  • Switzerland; and

  • United Arab Emirates (UAE).

After the removal of the above states, the list of low-tax jurisdictions for transfer pricing purposes includes 65 countries.

As a result of the removal of the above jurisdictions from the low-tax list, operations with companies registered in any of these states will no longer be considered as regulated operations for transfer pricing control purposes. These amendments are significant for the Ukrainian business sector and will improve the cooperation with many popular jurisdictions, particularly Switzerland, Luxemburg, UAE and Singapore.

Nadiya Omelchuk (nadiya.omelchuk@eurofast.eu)

Eurofast

Tel: +380 445021068

Website: www.eurofast.eu

more across site & shared bottom lb ros

More from across our site

Shapley would be the fourth person to hold the job this year; in other news, UK tax advisory firm MHA raised fewer funds than expected from its London IPO
The US needs to be involved in pillar one for there to be more international acceptance of the project, Michael Masciangelo says
The UK regulator is investigating EY’s auditing of the national postal service as it relates to the high-profile Horizon scandal, which saw hundreds wrongfully convicted
The directive will extend cooperation and information exchange around pillar two, according to the Council of the EU
Audit engagement partner Christopher Voogd has also been hit with a £32,500 charge over the firm’s work with Stirling Water Seafield Finance
China’s largest overhaul of its tax administration system in 24 years, featuring enhanced enforcement powers, is underway, says Abe Zhao of FenXun Partners
However, the US president increased tariffs on imported Chinese goods to 125%; in other news, UK tax firm MHA expects to raise £102m from its London listing
A mere three firms accounted for more than 90% of top-up taxes paid, according to research from Deloitte
Taxpayers with Brazilian operations should revisit their withholding positions in light of updated US guidance, writes Rafael Benevides, senior tax counsel at Meta
The MEGlobal Canada decision highlights taxpayers’ frustrations over split jurisdiction for TP assessments as well as a need for legislative reform, one expert tells ITR
Gift this article