Our definition: Tax Consulting
Tax consulting is the art to meet legal tax authorities’ requirements by simultaneously using structure-inherent leeway to the largest possible extent.
Local characteristics: interpretation of tax regulations by tax authorities follow a very fiscal approach
Before the new tax code came into force in 2011 Ukrainian tax legislation was based on a collection of single directives, partly even contradicting each other.The principle that tax accounting is to be based on commercial accounting was not applied till April 2011. Numerous transactions were handled unequally. Prepayments received, for example, were treated as taxable income for profit taxation. This was important to keep in mind, especially with regards to the quarterly due tax returns.
In addition tax authorities follow an extremely fiscal approach in their way of interpreting tax regulations. It is not unusual, that for example regulations are interpreted very formally, though the initial meaning of the regulation is obviously different.
Our solution: Comprehensive advice and foresighted planning
We not only explain the Ukrainian tax system but also solve tax problems, providing proactive business solutions to your individual and complex needs.In particular, our tax consulting services cover:
- • Tax consulting during the foundation phase
- • Tax consulting and optimisation in daily business
- • Tax due diligence (tax compliance check)
- • VAT-planning
- • Tax planning – including cross border transactions
