Despite high hopes at the start of 2015, the year saw a number of controversial developments in both Ukrainian tax law and practice in Ukrainian courts.
In 2015, a total of 26 amendments were made to the Tax Code, Ukraine’s principal tax statute. As a form of relief came the longawaited abolition of corporate profit tax payments of CPT in advance, which will take effect on 1 January 2017. In the past corporate profit tax advances were often, quite literally, extorted by the tax authorities. What is also very reassuring is that tax authorities will not be allowed to annul the value-added tax (the VAT) registration of a taxpayer if the latter’s actual corporate seat is different from that registered with the Companies Registry.