Andriy Reun will participate in discussion about taxation of controlled foreign companies
The Verkhovna Rada Tax Committee has recently recommended for consideration draft law No. 8137, which provides for improvements in the taxation of controlled foreign companies.
Which changes does the draft law contain? Which questions remain open?
On May 10th, the International Advisers Association will hold an online panel with the experts who worked on the draft law as part of the working group. Among them is Andriy Reun, Partner of LCF , Head of Tax Law Practice, and IAA International Tax Committee Co-Chair.
The participants will discuss the following issues:
– Acquiring the status of a CFC controller: a fixed date or 183 days?
– Can a non-profit organization be a CFC?
– Changes in the calculation of the share size;
– Clarification of the signs of actual control and introduction of a trust deed;
– Foreign relatives of a resident. Is it necessary to submit a САС report?
– Calculation of the effective rate in the CFC’s jurisdiction;
– Criterion “2 million”;
– Simplification of the rules for calculating adjusted profit;
– Notification of banks regarding residents with foreign shares;
– The problem of translating contracts and invoices into Ukrainian at the request of the State Tax Service;
– Changes in penalties.
The beginning is at 16.00.
Registration via the telegram bot https://cutt.ly/x5EuG44.
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