News date: 12 May 2021
Nina Bets, Head of Tax Practice of Ilyashev & Partners Law Firm delivered a report, entitled “Investment nanny: state guarantees for investors” at the VIIІ International Tax Forum, which took place on 12 May 2021 in Kyiv. The event was hosted by Yurydychna Praktyka Publishing House.
In her report, Nina Bets outlined the law-making initiatives, which are supposed to facilitate the procedure of accessing Ukrainian market by the investors. Among these were the tax benefits, state guarantees and setting up a special-purpose governmental authorized body.
“One does not necessarily need be a foreign investor in order to apply for an investment nanny. Indeed, the law does not impose any restrictions for home investors as regards their right to take advantage of the appropriate benefits and guarantees. The main thing is to comply with such criteria, as the volume of investments, the number of employees and the type of business,” — stressed Nina Bets.
Nina Bets noted that the special-purpose governmental authorized body in charge of investor affairs was not set up at the time, but was expected soon.
The attending experts also discussed the practical aspects of tax consulting: VAT administering issues, changes in business activities of permanent establishments of non-residents in Ukraine, particulars of IT business taxation and the in-house tax due diligence.
The International Tax Forum is a specialized annual event for heads of tax practices, lawyers, legal counsel of enterprises and public officials.