In order to avoid the risk of the tax authorities challenging the company’s expenses for income tax purposes, accrual of VAT liabilities or non-resident income tax (such as, in connection with reclassifying payments for services received as payment for engineering services or royalties), the company needs to have proper documentation of the received services.
Source: KPMG
Latest Posts in "Ukraine"
- New VAT Innovations from October 1: Cash Method Extension and New Tax Exemption Introduced
- How to Fill VAT Registration Form No. 1-PDV for New Businesses in Current Year
- Procedure for Filling Table 1 of Appendix 2 (D2) to VAT Tax Declaration
- New VAT Amendments Effective October 1: Cash Method Extended, New Tax Exemption Introduced
- Taxable Transactions for VAT Registration: Goods/Services Supply Operations in Ukraine’s Tax Code
