Ukraine Guidance on Adjustments for Transactions with Non-Residents in Tax Havens and Established as Specified Legal Forms

The State Tax Service of Ukraine has issued a release providing guidance on adjustments to financial results before tax for purchase and sales transactions with non-residents in low-tax jurisdictions (tax havens) and those established as specified legal forms. The tax havens and specified legal forms are set through resolutions from the Ukraine Cabinet. Tax havens generally include jurisdictions with low or no taxation or inadequate information exchange with Ukraine, and specified legal form…