The Ukraine State Fiscal Service (SFS) recently published guidance letter 2779/7/99-99-19-02-01-17. The letter, dated 28 January 2016, amends prior guidance that excess advance tax payments on dividends could only offset corporate income tax (CIT) in the current reporting year and could not be carried forward.

Under the new guidance, any excess advance tax payments on dividends as of 1 Januar…