The Cabinet of Ministers of Ukraine has approved a new list of Low-Tax Jurisdictions that are the subject to transfer pricing control
September 16, 2015 The Cabinet of Ministers of Ukraine approved the Instruction
№977-r that specifies the new list of the low tax jurisdictions -
states or territory with a corporate tax rate at least 5 percentage
points lower than Ukraine's general corporate rate of 18 percent. In
other words Ukraine has removed several jurisdictions from its list of low-tax
jurisdictions for transfer pricing purposes.
countries as Georgia, Guadeloupe, the Lebanese Republic, the Grand Duchy
of Luxembourg, the Republic of Malta, the Kingdom of Morocco, the United Arab
Emirates, the Republic of Singapore, the Swiss Confederation, Jamaica
were excluded from the list. Consequently, the operations with
non-residents registered in the above-mentioned countries will not be
determined as regulated operations for transfer pricing control purposes.
Ukrainian business the amendments are substantial and will facilitate
cooperation with such popular jurisdictions as Switzerland and Luxemburg.