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Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Ukraine Introduces Tax Incentives for IT Industry

August 2012 - Tax & Private Client. Legal Developments by Avellum.

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On 5 July 2012, the Parliament of Ukraine adopted the Law Of Ukraine “On Amending Section XX “Transitional Provisions” of the Tax Code of Ukraine on Peculiarities of Taxation of Software Companies” (the “Law”). The Law came into force on 3 August 2012. The tax incentives introduced by the Law provide for a very favourable tax regime for companies operating in the IT industry and are likely to be widely used by national and international businesses. Below we provide the brief description of the incentives introduced by the Law.

UKRAINE CONTINUES TAX REFORMS

August 2012 - Tax & Private Client. Legal Developments by Avellum.

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On 5 July 2012, the Parliament of Ukraine adopted the Law Of Ukraine “On Amending the Tax Code of Ukraine Regarding the State Tax Service Due to Administrative Reform in Ukraine” (the “Law”).

INTEGRITES ADVISED ENI S.P.A. ON VARIOUS TAX LAW ISSUES

26 June 2012. International law firm Integrites provided legal support to Eni S.p.A, one of the largest energy company in the areas of tax law in relation to its business in Ukraine.

Tax Stimulus for IT-Industry

June 2012 - Tax & Private Client. Legal Developments by Asters.

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Recently, the Ukrainian parliament adopted new legislation introducing certain amendments to the Tax Code of Ukraine and other laws and regulations. The draft laws ("Laws") are specifically aimed to support Ukrainian IT-industry, granting certain tax benefits to IT-companies. If the Laws are finally adopted, the tax benefits shall become effective from 1 January 2013 and remain valid for a 10-year period.

New Tax Circulars

February 2012 - Tax & Private Client. Legal Developments by Asters.

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Recently Ukrainian State Tax Service (STSU) published a number of tax circulars containing STSU's interpretations of the tax law. The above circulars cover a variety of issues. Some of the key points are as follows:

Royalties decrease in 2012

January 2012 - Tax & Private Client. Legal Developments by Asters.

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On 13 January 2012 the Law of Ukraine "On Amending the Tax Code of Ukraine Regarding Review of Certain Tax and Duties Rates"(the "Amendments") became effective. The Amendments change the procedure for calculation of adjustment index used for royalties' calculation.

Enhanced deduction for corporate expenses on research and development

October 2011 - Tax & Private Client. Legal Developments by Integrites Group.

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Sweden is - in relative terms - one of the leading countries in the world within research and development. Most part of research and development in Sweden is financed by the industry, with a total contribution of 83 billion SEK in 2007.

Taxation in Ukraine: Major Developments In 2010

June 2010 - Tax & Private Client. Legal Developments by Asters.

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It has become a tradition in Ukraine when approval of the annual state budget law is followed by amendments to Ukrainian tax laws. This process usually takes place in late December each year. This year, however, the state budgeting process was completed only in April in the wake of presidential elections, formation of the new parliamentary coalition and appointment of the new government.

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