Corporate, Commercial Law and Dispute Resolution · Contracts, Commercial Law and Transactions
Individual Tax Consultation (ITC) in Ukraine provides an official explanation of how the tax rules apply to a specific taxpayer and a specific factual situation. For a planned transaction, international contract or change in tax treatment, an ITC can be combined with a separate assessment of tax costs and legal risks before the business commits resources.
What an Individual Tax Consultation is
The Tax Code of Ukraine gives a taxpayer the right to request an Individual Tax Consultation (ITC) from the competent authority. The consultation addresses the application of tax legislation to the facts described in the taxpayer's request and is issued in writing.
Why businesses use an ITC
An official position can reduce uncertainty where a rule is ambiguous or where a transaction does not fit a standard model. An ITC is a protective instrument against sanctions where the taxpayer acts in accordance with the consultation applicable to that taxpayer.
Preparing the request
The factual description should be complete enough for the authority to understand the transaction, parties, payment flow and tax question. Missing or vague facts can reduce the usefulness of the resulting consultation.
Assessing tax risks before a transaction
Material contracts, cross-border transactions and changes to a tax system may create additional tax obligations or double-taxation exposure. Risk analysis should therefore review the contract terms, transaction structure, possible tax liabilities and expected cash cost before implementation.
Modelling the tax consequences
Financial modelling can compare possible tax outcomes and identify where documentation, pricing or transaction sequencing may affect the result. Recommendations should remain within the legal framework and should be linked to the actual commercial purpose of the transaction.
Tax consultation strategy combines an official ITC where clarification is required with transaction-specific modelling of tax exposure. Clear facts and calculations give management a more reliable basis for deciding whether and how to proceed with the transaction.
Why is it better with us?
The principal activities of the UBC group of companies are consulting, financial and investment services, search and selection of investors for business and attraction of loans, purchase and sale of established businesses in Ukraine, Europe and other countries, IT services, and development of commercial real estate in Ukraine and abroad. For the development of your business: registration of enterprises in Ukraine, ready-made companies in the EU, registration of companies in England and other countries, corporate law, offshore jurisdictions and offshore companies, business consulting, audit, certification, registration of LLCs, registration of financial companies, asset management companies, mutual investment funds, registration of joint-stock companies, issue of securities and bonds, and support for foreign investment.
The continuously expanding range of regional and foreign partners directly helps resolve our clients’ issues when conducting business both in Ukraine and abroad.
We are always focused on the result you need and will do everything to achieve it within the required timeframe, taking your wishes and requirements into detailed account! Why is it better to start business in Ukraine with UBC? The answer is simple - we have much more practical experience, resources and opportunities.
Price: Individual Tax Consultation Under the Tax Code of Ukraine and Transaction Risk Analysis