Ukraine Parliament Considers Bill to Amend Various Tax Provisions

The Ukrainian Parliament (Verkhovna Rada) Dec. 6 accepted for consideration Bill No. 10321, to amend various tax provisions to eliminate inconsistencies and promote accurate administration of VAT, excise tax, corporate income tax, and personal income tax. The bill includes measures to: 1) remove the 20 percent corporate tax rate applicable to nonresident advertising income, given that such income is exempt from corporate income tax; 2) set procedures for VAT payers to appeal certain determinations of the tax authorities; and 3) make changes necessary to implement the EU Harmonized System of Description and Coding of Goods Version 2022, and the Combined ...