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.