This August, Ukraine completed the process of joining to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (“the MLI”). This tax convention will apply to and affect many cross-border payments and transactions starting from 1 January 2020.  

Many MLI-related initiatives are also mirrored in Tax Bill 1210-1. The latter also includes other important tax changes affecting cross-border payments and transactions with Ukrainian assets as well as non-residents’ presence in Ukraine. Given the majority in the Ukrainian Parliament, these tax initiatives have all chances of becoming law in the nearest future.

Oleh Chayka, a partner and the Head of the International Taxation and Cross-Border Transactions Practice of JURIMEX, has prepared a comprehensive overview of the MLI-related tax changes, and its impact on the cross-border payments and transactions.

Certain important tax issues and risks that are discussed in the MLI overview have never been raised by other lawyers and Big4 Firms. Finally, the readers of the MLI overview will benefit from practical recommendations and potential tax solutions that are also included in this document.

Read more at https://go-to-mli.jurimex.ua/