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Arzinger Successful for Nufarm Ukraine in Tax Dispute Pre-Trial and Judicial Appeals

Arzinger Successful for Nufarm Ukraine in Tax Dispute Pre-Trial and Judicial Appeals

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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.

 

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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