Ukraine Clarifies Tax Base for Advance Tax on Dividends

On 1 March 2017, the Ukraine State Fiscal Service (SFS) published guidance letter No. 2753/6/99-99-15-02-02-15 concerning the payment of advance corporate tax on dividend distributions. The letter clarifies that tax base for advance corporate tax on dividends is the amount of the dividends paid in excess of the dividend payer's taxable income for the relevant tax (reporting) year. If the dividend amount does not exceed the taxable income and the standard corporate tax due on the taxable inco…