Business news from Ukraine

Business news from Ukraine

Ukraine proposes EU to apply “covid precedent” to Ukrainian refugees to avoid double taxation

The Government of Ukraine will send a letter to all tax authorities and governments of the EU countries with a request to apply the “covid precedent”, when many people were forced to leave their countries of tax residence due to the cancellation of flights, and the “tax rule” was not applied to them. residency 180 days”.
This decision was made by the Economic Headquarters under the Ministry of Economy at a meeting on Thursday, its member Mikhail Kukhar said on Facebook.
According to him, the letter will be signed by First Deputy Prime Minister – Economy Minister Yulia Sviridenko, who heads the Economic Staff and approved such a proposal.
Kukhar added that changes are also being prepared to the relevant instructions of the National Bank and the State Tax Service to allow Ukrainian individual entrepreneurs to open accounts in foreign banks.
As previously reported, the European Business Association called on the government to resolve the issue of tax residence of Ukrainian citizens abroad, since staying outside the country for more than 183 days, they can be recognized as residents of the host country and there will be a risk of double taxation.
According to the UN, at present, most of the Ukrainian refugees to Europe received the status of temporary protection in Poland – 1 million 274.1 thousand, Germany – 670 thousand, the Czech Republic – 413 thousand, Italy – 150.3 thousand, Spain – 133.8 thousand, Bulgaria – 129.4 thousand, France – 96.5 thousand, Slovakia – 86.8 thousand and Austria – 78.2 thousand.
Most of them left Ukraine at the end of February and March.

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