Agenda:

The meeting was devoted to the discussion on the Draft Tax Code that was proposed for public consideration on August 3rd and elaboration of joint position of the Chamber Members regarding this important Document as well as consideration of amendments, suggestions and comments to the Draft Tax Code received from the Chamber Members.

Please click here to view the Draft Tax Code (UKR). 

The Chamber would like to update all interested Committee Members on comments and amendments to the recently published Draft Tax Code that already have been received from the following companies: 

• AES Ukraine: please click here download proposals;
• Audit firm "RSM APiK": please click here to download suggested methods of cost accounting and taxation of individuals;
• Baker & McKenzie: please click to download suggestions and comments to the Draft Tax Code regarding CPT deductibility restriction for software royalties paid to foreign entities and Letter to the Cabinet of Ministers of Ukraine;
• JT International Company Ukraine: please click here to download proposals;
• KM Partners: please click to download on Legal alert II , Legal alert II.I, Legal alert III and Legal alert IV regarding the Draft Tax Code;
• KPMG: please click to download Comparative chart S. 7.3 & 10.10, and Comparative Chart on Residents.
• Kraft Foods Ukraina: please click here to download proposals to the Draft Tax Code;
• MTS: please click here to download proposals to the Draft Tax Code;
• Philip Morris Ukraine: please click to download proposals on Excise tax, on VAT, on CPT and Draft statement on behalf of the Chamber related to the issue with tax deductibility of royalties;
• TNK-BP Commerce LLC: please click here to download proposals to the Draft Tax Code.

Please click here to download the Minutes of the Chamber Special Tax Committee Meeting, held on August 27, 2010.

Please keep in mind that you have to be logged into the Chamber SharePoint prior to accessing the documents. In order to access the document, please enter you login and password, then return to the Update and click the link. 

Agenda:

 The agenda of the Meeting wias as follows:

1.      Draft Tax Code Update, Ms. Olena Lukianenko, the Chamber; IT related issues in the Draft Tax Code, Ms. Nataly Markizkaya, the Chamber IT Committee Coordinator;
2.      VAT non-refund issues;

The Chamber has come up with increased inquires from Chamber Members regarding the VAT non-refund issue. For example, in case there was made in-kind investment in the charter capital of the company (import), and VAT was paid during customs clearance. 

In order to prepare the position, the Chamber needs your feedback and comments regarding similar situation your company faced and proposals on the further actions. 

Please provide your feedback by Wednesday, September 15, 5PM.

3.      New tax initiative - corporate governance and tax risk management guidelines for the Ukrainian business community, Mr. Oleg Chayka, Chamber Tax Committee Secretary, KPMG.