Guidance was recently published from Ukraine's State Tax Service regarding different exemptions from the advance tax on dividend payments (18%). This includes an exemption for the following payments:
- Dividends paid to shareholders of a parent company not exceeding the amount of dividend income received by the parent company from other sources, with any excess subject to advance tax;
- Dividends paid out of income that is exempt from taxation, up to the exempt income amount in the period in whi…