Ukraine Clarifies Withholding Tax on Dividends Paid in Foreign Currency
The Ukraine State Fiscal Service (SFS) has issued guidance letter 556/6/99-99-15-02-02-15/IPK, which clarifies withholding tax requirement where dividends are paid to a non-resident in a foreign currency. The letter includes that in determining the amount of tax to be withheld, the foreign currency dividend amount must be converted to Ukrainian hryvnia based on the official exchange rate of th…
Continue Reading