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Aequo Defends Interests of Zara in Tax Dispute

Aequo Defends Interests of Zara in Tax Dispute

Ukraine
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Aequo’s Tax Disputes team has successfully defended the interests of Zara in a tax dispute before the Kyiv Administrative Court of Appeal. The case concerned the refusal by the Ukrainian tax authority to credit the amounts of advance corporate profit tax paid by the company upon the distribution of dividends towards its current corporate profit tax liabilities.

According to Aequo, "the background of the case was complicated by the different approach of the tax authority applied to 2013 and 2014 payments, while substantive law remained unchanged."

The Kyiv Administrative Court of Appeal reversed the decision of the local administrative court and decided in favor of Zara. The Court canceled the tax claim and decision on imposition of the tax pledge over the client’s assets issued by the tax authority and obliged the tax authority to take due account of the amounts of advance corporate profit tax which it previously, and according to the Court unlawfully, disregarded.

Aequo's team was supervised by Managing Partner Denis Lysenko and included Senior Associates Yevgen Levitskyi and Myroslava Savchuk and Associate Vasyl Mishchenko.

Ukraine Knowledge Partner

Avellum is a leading Ukrainian full service law firm with a special focus on finance, M&A, and dispute resolution. Our goal is to be the firm of choice for our clients with respect to their most significant business transactions. We bring the most advanced Western legal techniques and practice, which, coupled with our first-hand knowledge, broad industry experience, and unparalleled level of service, will help our clients achieve best results in their business endeavours. We work seamlessly in integrated teams with premier US, UK and European law firms in course of multijurisdictional transactions. The team consists of 26 highly qualified attorneys, including three partners – Mykola Stetsenko, Glib Bondar, and Dmytro Marchukov, who are actively involved in every transaction. Avellum is recognised as one of the leading law firms in Ukraine by various international legal directories and Ukrainian legal editions (Chambers, Legal500, IFLR1000, Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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