Tax Services
KPMG in Ukraine offers its clients a full range of tax services. Our team of professionals has experience with the changing tax laws and attitudes and practices of the tax authorities.
Tax Services of KPMG in Ukraine include:
KPMG in Ukraine offers its clients a full range of tax services. Our team of professionals has experience with the changing tax laws and attitudes and practices of the tax authorities.
Tax Services of KPMG in Ukraine include:
Corporate Tax Planning
We advise international and local clients on how to reduce their tax liability in ways that are effective, efficient and practicable. Legal structures, tax concessions, double tax treaties and appropriate agreements are some of those tools that can be used for the potential benefit of a wide range of companies. KPMG in Ukraine works closely with companies representing trading, manufacturing, service, banking, insurance publishing businesses, and other sectors.
Foreign Legal Entities
Ukraine has complex regulations governing the registration of foreign legal entities, the taxes they are subject to and the reports they must make to the authorities. Foreign companies doing business in Ukraine need to be aware of their obligations, responsibilities and risks, and KPMG regularly guides its clients through this maze.
Value Added Tax
A tax that is simple in concept and complex in practice, Ukrainian VAT is based on the European model. However, there are fundamental differences that can lead the unwary into expensive pitfalls. Planning to mitigate VAT costs is an essential component of any tax planning review. We have professionals dealing with VAT, customs and other indirect taxes. This group regularly advises international and local clients on planning in these areas.
Compliance Review
Ukrainian taxes are closely linked with accounting requirements. Thus, accounting errors or the quality and type of documentation can lead to unintentional non-compliance with the tax legislation. The harsh penalty regime can make small errors expensive. Also, there is a variety of non-tax legislation, such as foreign currency controls that businesses need to comply with. Even with the most meticulous tax planning, day-to-day decisions and accounting can lead to exposure. The KPMG compliance review determines areas of exposure to tax and other laws, quantifies the exposure and recommends strategies.
International Executive Tax
Foreign executives and staff resident in Ukraine are generally liable to Ukrainian income tax and must file tax returns. KPMG advises our clients on their personal tax planning, and prepares and files required tax returns. Appropriate planning measures and suitable compensation schemes can not only reduce the individual’s tax cost, but also the cost to employ expatriates in Ukraine.
Payroll Charges and Benefits Planning
A variety of taxes and social fund payments apply to wages, salaries, benefits and a variety of other costs including business expense reimbursements. KPMG regularly advises its clients on planning compensation and benefit schemes to reduce these costs, as well as on compliance, to avoid penalties.
We advise international and local clients on how to reduce their tax liability in ways that are effective, efficient and practicable. Legal structures, tax concessions, double tax treaties and appropriate agreements are some of those tools that can be used for the potential benefit of a wide range of companies. KPMG in Ukraine works closely with companies representing trading, manufacturing, service, banking, insurance publishing businesses, and other sectors.
Foreign Legal Entities
Ukraine has complex regulations governing the registration of foreign legal entities, the taxes they are subject to and the reports they must make to the authorities. Foreign companies doing business in Ukraine need to be aware of their obligations, responsibilities and risks, and KPMG regularly guides its clients through this maze.
Value Added Tax
A tax that is simple in concept and complex in practice, Ukrainian VAT is based on the European model. However, there are fundamental differences that can lead the unwary into expensive pitfalls. Planning to mitigate VAT costs is an essential component of any tax planning review. We have professionals dealing with VAT, customs and other indirect taxes. This group regularly advises international and local clients on planning in these areas.
Compliance Review
Ukrainian taxes are closely linked with accounting requirements. Thus, accounting errors or the quality and type of documentation can lead to unintentional non-compliance with the tax legislation. The harsh penalty regime can make small errors expensive. Also, there is a variety of non-tax legislation, such as foreign currency controls that businesses need to comply with. Even with the most meticulous tax planning, day-to-day decisions and accounting can lead to exposure. The KPMG compliance review determines areas of exposure to tax and other laws, quantifies the exposure and recommends strategies.
International Executive Tax
Foreign executives and staff resident in Ukraine are generally liable to Ukrainian income tax and must file tax returns. KPMG advises our clients on their personal tax planning, and prepares and files required tax returns. Appropriate planning measures and suitable compensation schemes can not only reduce the individual’s tax cost, but also the cost to employ expatriates in Ukraine.
Payroll Charges and Benefits Planning
A variety of taxes and social fund payments apply to wages, salaries, benefits and a variety of other costs including business expense reimbursements. KPMG regularly advises its clients on planning compensation and benefit schemes to reduce these costs, as well as on compliance, to avoid penalties.
© 2010 KPMG-Ukraine Ltd., a company incorporated under the Laws of Ukraine and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.
