{"id":769172,"date":"2017-02-22T10:10:21","date_gmt":"2017-02-22T08:10:21","guid":{"rendered":""},"modified":"2019-02-04T18:41:38","modified_gmt":"2019-02-04T16:41:38","slug":"taxation-non-residents-2017","status":"publish","type":"post","link":"https:\/\/new.eba.com.ua\/en\/taxation-non-residents-2017\/","title":{"rendered":"Taxation of non-residents in 2017"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-46133\" src=\"https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2.jpg\" alt=\"\" width=\"200\" height=\"200\" srcset=\"https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2.jpg 200w, https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2-150x150.jpg 150w, https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2-130x130.jpg 130w, https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2-94x94.jpg 94w, https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2-170x170.jpg 170w, https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2-120x120.jpg 120w, https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2-100x100.jpg 100w, https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2-90x90.jpg 90w, https:\/\/new.eba.com.ua\/wp-content\/uploads\/2017\/02\/Valentyn_Gvozdiy_2-80x80.jpg 80w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/p>\n<p><strong>Author: Valentyn Gvozdiy, Managing Partner at GOLAW<\/strong><\/p>\n<p>Attention! \u00a0Important changes to the taxation of non-residents.<\/p>\n<p>The Tax Code of Ukraine redefines the rules for taxation of income of non-residents in the form of interest on loans or financial loans to residents. It is established that such revenues in 2017 will be taxed at 5%.<\/p>\n<p>However, rates for the use of such business operation of the non-resident must meet certain conditions:<\/p>\n<ul>\n<li>advances to non-residents for a loan or financial credits was obtained them by placing foreign debt securities on foreign stock that is listed, approved by Cabinet;<\/li>\n<li>advances to non-resident benefiting from loan or financial credit involved to provide loans or financial credit to resident;<\/li>\n<li>resident, who paid interest are not residents of jurisdictions included in the list of &#8220;offshore&#8221; states (territories).<\/li>\n<\/ul>\n<p>However, the envisaged exemption of income of non-resident in the form of interest on the loan or financial credit provided to the residents (subject to compliance pp. 141.4.11 of the Tax Code) paid by resident to non-residents or authorized persons:<\/p>\n<p>&#8211; Until 31 December 2016 if the funds provided by resident financial loan or credit, were involved by placing foreign debt securities on foreign stock exchanges;<br \/>\n&#8211; In the period from 1 January 2017 to 31 December 2018, if such income meets the conditions paragraphs of 141.4.11 of the Tax Code.<\/p>\n<p>Also, for non-residents is provided the possibility to receive confirmation of tax payments annually from the controlling authority.<\/p>\n<p>These innovations are aimed at improving the transparency and quality of tax administration, the elimination of widespread tax avoidance schemes, and the removal of existing inconsistencies.<\/p>\n<p>We hope that the gradual simplification of the tax system will improve the investment climate in Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: Valentyn Gvozdiy, Managing Partner at GOLAW Attention! \u00a0Important changes to the taxation of non-residents. The Tax Code of Ukraine redefines the rules for taxation of income of non-residents in the form of interest on loans or financial loans to residents. It is established that such revenues in 2017 will be taxed at 5%. However, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[15576,15575],"tags":[],"class_list":["post-769172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-articles-en","category-news-and-articles-from-companies-en","company-19415"],"_links":{"self":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/769172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/comments?post=769172"}],"version-history":[{"count":0,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/769172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/media\/46133"}],"wp:attachment":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/media?parent=769172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/categories?post=769172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/tags?post=769172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}