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

Share this article