Ukrainian Tax Alert | December 2019
On December 3, 2019, the Verkhovna Rada of Ukraine passed the bill No. 1210 from August 30, 2019 "On Amendments to the Tax Code of Ukraine regarding improvement of tax administration, elimination of technical and logical inconsistencies in tax legislation" in the first reading.
This bill mainly envisages the implementation of some of the requirements of OECD guidelines to counteract the dilution of tax base and movement of income". In this review, we list the main changes proposed in the bill. At the same time, a number of other changes are envisaged, which will be reported in case of adoption of the law.
It is expected that in case the bill is adopted, the amendments provided for herein will come into force on January 1, 2020 (with some exceptions).
