Arzinger has successfully represented Nufarm Ukraine in pre-trial and judicial appeals against tax notification decisions.
According to Arzinger, its lawyers “managed to convince the State Tax Service of Ukraine at the stage of pre-trial (administrative) appeal that Nufarm Ukraine had correctly applied the Accounting Provision (Standard) 21 Impact of Currency Fluctuations. The additional accruals of corporate income tax in excess of UAH 200 million were canceled, making the case quite unique.” According to the firm, this led to Nufarm Ukraine having “no obligation to discount the amount of debt on loans obtained from non-residents and include the difference between the future and present debt value, taking into account depreciation, into its income, as well as to accrue VAT on the cost of free services allegedly provided by the Client's regional representatives to distributors. Having considered the case, the courts canceled the additional tax accruals worth upward of UAH 63 million.”
Arzinger’s team included Partner Kateryna Gupalo, Associate Nikita Larionov, Junior Associate Kseniia Dobrieva, and Paralegal Anastasia Prysiazhniuk.