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Integrites Successful for Euronet Ukraine in Tax Dispute

Integrites Successful for Euronet Ukraine in Tax Dispute

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Integrites has successfully protected the interests of Euronet Ukraine, the Ukrainian representative of the Euronet Worldwide group, in a UAH 64 million tax dispute with the Kyiv State Fiscal Service.

Euronet Worldwide is a group of companies specializing in the production, installation, and maintenance of ATMs and payment terminals.

According to Integrites, “resulting from a tax audit, the dispute arose in 2018 when the Kyiv tax authority overstated the amount of the corporate profit tax that allegedly had to be paid by [Euronet Ukraine] for intra-group transactions. When Integrites team challenged the audit’s results, the tax authority arranged another, unscheduled audit. The results of this audit were identical to those of the previous one. [Euronet Ukraine then] filed an administrative claim to the court to recognize the tax authority’s actions as illegal and cancel the tax assessment. In late 2019, a year after the proceedings have been initiated and six court hearings, Kyiv District Administrative Court canceled tax assessments worth UAH 64 million. In addition, the court ruled that [Euronet Ukraine] had not violated tax legislation and kept accounting and tax records accurately.“

Integrites’ team included Partner Oleksandr Onishchenko and Senior Associate Serhii Rymar.

Editor's Note: In July 2020 Integrites reported that the Kyiv District Administrative Court's decision had been upheld by Ukraine's Sixth Administrative Court of Appeal, which "dismissed the appeal ... [and], in addition ... held that Euronet Ukraine should receive full reimbursement of more than UAH 200,000 spent on legal support in proceedings in the courts of both instances.“

Integrites at a Glance

INTEGRITES is a full-service law firm with the head office in Ukraine, offices in Kazakhstan and Russia, and representative offices in Germany, the Netherlands, and the UK.

We provide legal services to companies seeking comprehensive advice on large deals and major disputes, as well as day-to-day operation. INTEGRITES is highly recommended for its cross-border work (whether sophisticated transactions or complex dispute resolution) and for the projects in energy, in particular, renewable.

Our mission is to help companies concentrate on development of their business while we take care of the legal issues. With profound industry-focused expertise, we deliver legal solutions that add value to the business of our clients and help them successfully handle legal challenges.

In 14 years INTEGRITES has served more than 850 clients from around the globe, including Fortune 500 companies and international financial institutions. Clients in our portfolio are recognized leaders in various industries: from manufacturing, pharmaceuticals, and retail to agriculture, logistics, and renewables. Currently 80% of the companies we serve are international.

INTEGRITES has been consistently recognized by the leading international legal directories and rankings: Chambers Global/Europe, The Legal 500 EMEA, Who’s Who Legal, IFLR 1000, Best Lawyers, FT Innovative Lawyers.

All News about, and Legal Analysis by, Integrites can be found here.

Firm's website: www.integrites.com