The KPMG Law Ukraine defended the interests of an international corporation subsidiary
The KPMG Law Ukraine team has represented the interests of an international corporation subsidiary operating in the construction materials area in a dispute with the tax authorities regarding the acceptance of the updated tax returns on corporate profit tax.
The lawyers from KPMG Law Ukraine have successfully challenged the tax authority decision not to recognize the Company’s tax returns because of their failure to comply with the formal requirements of the Tax Code of Ukraine. During the administrative appeal procedure they succeeded to substantiate that the updated tax returns were duly prepared and contained all the necessary information, as well as that they were filed by the Company in due period established to correct errors in the tax returns submitted before. It was proved that the Company used the correct name and details of the tax authority at the place of its registration, and provided the right information about the officials.
As a result of the administrative appeal, the tax authority recognized and accepted the Company tax returns. Due to the above said they managed to defend the Company’s right to report the negative value of the object of taxation for UAH 400,013,799 without going to court thus saving time and financial expenses.
Oksana Olekhova, a partner in tax and legal counseling department, supported by Larysa Antoshchuk, attorney, head of tax dispute resolution practice, managed the project implementation. Artem Chulukin, manager and Andriy Pinchuk, senior consultant at KPMG in Ukraine, and the lawyers of KPMG Law Ukraine including Irina Khilyak and Maria Taschi also contributed to the success of the project.