Draft law No. 3357 on amending the Tax Code of Ukraine regarding tax liberalization was registered in the Ukrainian parliament on October 26, 2015. The draft law have proposed several tax measure including thin capitalization rules and distributed profit tax.
Under the distributed profit tax, corporate income tax is substituted by distributed profit tax. Resident companies and permanent establishments of foreign entities are subject to tax only in respect of distributed profits at a rate of 15%. Thin capitalization rules are introduced.
