The deadline for submitting reports for residents of Ukraine expires
Information for citizens of Ukraine. If you have not lost your tax residence in the country, this information will be useful to you. Information from my colleagues from Ukraine. Please note that I personally am only licensed in the US and can only advise you under US law.
On November 25, 2022, new additional changes to the Tax Code of Ukraine came into force, which affected a number of regulations relating to controlled foreign companies (CFCs). Articles 39 and 39-2 and the rules regarding the time limits regulating the CFC were introduced as those that are no longer affected by martial law. (Law No. 2719-IX dated November 3.11.2022, 2719: https://zakon.rada.gov.ua/laws/show/20-XNUMX#Tex)
Consequently, residents of Ukraine who established or liquidated foreign companies that gained or lost control over foreign companies in the period from March 7 to November 25, 2022, must notify the authorities of the State Tax Service (State Tax Service of Ukraine) within 60 days by sending a notification about the CFC.
And that deadline is January 23, 2023, so you only have one day to file your reports.
Author Elina Linderman
