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Ukraine Clarifies Taxation of Non-Resident Income Resulting from a Reduction in Capital

|Approved Changes|Ukraine
Ukraine

Ukraine's State Fiscal Service has published guidance letter 521/6/99-00-07-02-02-15/IPK of 1 October 2019 which clarifies the taxation of income (return of investment) received by a non-resident as a result of a reduction in the authorized capital of foreign-invested enterprise resident in Ukraine. The letter clarifies that such income will be exempt from withholding tax to the extent that it …

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