Newsletter 1/2022: Innovations of the Law of Ukraine as of 30.11.2021 № 1914-IX “On amendments to the Tax Code of Ukraine and certain legislative acts of Ukraine on ensuring balance of budget revenues” Part 1
Newsletter 1/2022: Innovations of the Law of Ukraine as of 30.11.2021 № 1914-IX “On amendments to the Tax Code of Ukraine and certain legislative acts of Ukraine on ensuring balance of budget revenues” Part 1. Corporate Income Tax
Newsletter 1/2022 is dedicated to innovations in the corporate income tax, introduced by the Law of Ukraine as of 30.11.2021 № 1914-IX “On amendments to the Tax Code of Ukraine and certain legislative acts of Ukraine on ensuring balance of budget revenues”.
The following changes were considered, namely:
- adjustment of financial result in the corporate income tax calculation;
- accounting of costs for grants in determining taxation object;
- procedure for determining tax liability of taxpayers – producers of electricity by the “green” tariff;
- accounting of costs for royalty payments in determining taxation object;
- application of differences in using the reserve of doubtful debts and expected credit losses (reduction in the usefulness of assets);
- composition of individuals entitled to the corporate income tax benefits.
Communicate with the State Tax Service remotely using the “InfoTAX” service
