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Submission of Controlled foreign company (CFC) reporting

At the Avitar consultation, you will be able to get answers to all questions about controlled foreign company (CFC) in Ukraine

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If you registered or acquired a foreign company after January 1, 2022, which has every reason to be recognized as a CFC in Ukraine, you need to urgently submit a notification about the CFC to the Ukrainian tax authorities.

If your company is not exempt from CFC taxation, you will need to pay taxes for it, the amount of which is calculated in the report and indicated in the declaration of assets and income.

If you have a foreign company and you are not sure about your obligations under CFC, we recommend that you contact us and get legal advice.

At the Avitar consultation, you can get answers to the following questions:

  • Do you fall under the criteria of a CFC controller?
  • In the case of dual residency, what is the situation with the CFC in Ukraine?
  • Do I need to report on CFC?
  • When and how to submit a report on CFC?
  • How much tax do you have to pay for your CFC in Ukraine?
  • Is it possible to take advantage of the exemption from taxation under CFC?
  • How to structure your business to reduce the tax burden considering CFC?
  • How to reduce the risks of fines under the CFC?
Avitar helps with

Avitar helps with

  • Analyzing whether the rules of the CFC apply to you;
  • Determining whether there are grounds for exempting the income of the CFC from taxation in Ukraine;
  • Developing a work model to help reduce the tax burden;
  • Conducting an analysis of the financial statements of the CFC and determining the adjusted profit of the CFC subject to taxation in Ukraine;
  • Dealing with CFC reporting;
  • Preparing a tax declaration on assets and income;
  • Preparing a report and notice on CFC.

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