DIVIDENDS. TAXATION OF DIVIDENDS UNDER THE NEW TAX CODE OF UKRAINE | UBC

The Tax Code of Ukraine provides a mechanism for paying an advance corporate profit tax contribution when dividends are distributed. Under the version applying during the relevant period, the advance contribution was not charged when dividends were paid:

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• to individuals;
• by business entities using the simplified taxation system;
• by payers of the fixed agricultural tax;
• by the manager of a real estate transaction fund to holders of certificates of that fund as a result of distribution of its income.

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A new approach also concerned determining where the advance contribution was paid. It was to be paid at the location of the legal entity and its separate divisions in proportion to the share of expenses of the relevant divisions in the taxpayer's total expenses according to the latest filed reporting.

Related Tax Code materials

• Taxable object
• Income (gross income)
• Expenses (gross expenses)
• Operating expenses
• Other expenses
• Expenses not taken into account when determining taxable profit
• Fixed assets and depreciation
• Procedure for applying ordinary prices
• Tax differences
• Procedure for carrying forward losses
• Dividends
• Tax accounting during reorganisation
• Securities and securities transactions
• Foreign currency and foreign-currency transactions
• Leases and lease transactions
• Asset management transactions
• Accounting for doubtful debts
• Tax reliefs and exemptions
• Tax holidays
• Corporate profit tax rate

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