All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Ukraine: Foreign cars will become more expensive in Ukraine

kotenko.jpg

kalyta.jpg

Vladimir Kotenko


Iryna Kalyta

On April 13 2013, special import duties took effect on foreign vehicles. The duty will be 6.46% from the customs value of vehicles for cars with an engine volume of 1 to 1.5 litres and 12.95% from the customs value of vehicles for cars with an engine volume of 1.5 to 2.2 litres.

Ukrainian Parliament considers rules for tax losses incurred by different companies in the same group

The Ukrainian Parliament has registered a draft law that would create tax rules for consolidated groups of taxpayers. The proposal will allow a company that belongs to this group to offset its taxable profit against the tax losses incurred by other companies in the group.

Ukraine and Ireland sign double tax treaty

The treaty was signed on April 19 2013. It will take force once it is ratified.

The treaty provides for the following key withholding tax rates:

  • Dividends: 5% (if the beneficial owner is a company (other than a partnership) which holds directly at least 25% of the capital of the company paying the dividends) / 15% in other cases.

  • Interest: 10% if the beneficial owner of the interest is a resident of a contracting state / 5% if the interest arises i) in connection with the sale on credit of industrial, commercial or scientific equipment; ii) on any loan granted by a bank.

  • Royalty: 10% if the beneficial owner of the royalties is the resident of a contracting state / 5% in the case of payment of royalties for any copyright for scientific work, patent, trademark, secret formula, process or information concerning industrial, commercial or scientific experience.

Vladimir Kotenko (vladimir.kotenko@ua.ey.com), and Iryna Kalyta (iryna.kalyta@ua.ey.com).

Ernst & Young

Tel: +380 44 490 3000

Fax: +380 44 490 3030

Website: www.ey.com/ua

More from across our site

The state secretary told the French press that the country continues to oppose pillar two’s global minimum tax rate following an Ecofin meeting last week.
This week the Biden administration has run into opposition over a proposal for a federal gas tax holiday, while the European Parliament has approved a plan for an EU carbon border mechanism.
Businesses need to improve on data management to ensure tax departments become much more integrated, according to Microsoft’s chief digital officer at a KPMG event.
Businesses must ensure any alternative benchmark rate is included in their TP studies and approved by tax authorities, as Libor for the US ends in exactly a year.
Tax directors warn that a lack of adequate planning for VAT rule changes could leave businesses exposed to regulatory errors and costly fines.
Tax professionals have urged suppliers of goods from Great Britain to Northern Ireland to pause any plans to restructure their supply chains following the NI Protocol Bill.
Tax leaders say communication with peers is important for risk management, especially on how to approach regional authorities.
Advances in compliance tools in international markets and the digitalisation of global tax administrations are increasing in-house demand for technologists.
The US fast-food company has agreed to pay €1.25 billion to settle the French investigation into its transfer pricing arrangements over allegations of tax evasion.
HM Revenue and Customs said the UK pillar two legislation will be delayed until at least December 2023, while ITR reported on a secret Netflix settlement and an IMF study on VAT cuts.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree