Ukraine MOF Announces Bill to Align With ATAD Rules, OECD Recommendations

The Ukrainian Ministry of Finance Feb. 24 announced a bill to align tax laws with EU Anti-Tax Avoidance Directives 2016/1164 (ATAD1) and 2017/952 (ATAD2), and specific OECD base erosion and profit shifting (BEPS) recommendations. The bill includes measures to: 1) limit interest deductions to 30 percent of taxable earnings before interest, taxes, depreciation, and amortization (EBITDA); 2) apply exit tax to the capital gains of entities upon on the withdrawal of assets when there is a change in residence, assets or activities are moved outside Ukraine, or property is transferred to a permanent establishment (PE) abroad; 3) specify that tax ...