The list of states for controlled transactions has been reduced

By its Resolution No. 636 dated 04.06.2024, the Cabinet of Ministers amended the Annex to the Resolution of the Cabinet of Ministers of Ukraine No. 1045 dated 27.12.2017, which contains a list of states (territories) that meet the criteria set out in subparagraph 39.2.1.2 of the Tax Code.

As a reminder, according to subparagraph "c" of subparagraph 39.2.1.1 of the Tax Code, business transactions of a taxpayer with non-residents registered in the states (territories) included in the List approved by the CMU or who are residents of these states are considered controlled.

The list of states (territories) that meet the criteria set forth in subparagraph 39.2.1.2 of the TCU is provided in the Annex to the CMU Resolution No. 1045 dated 27.12.2017.

The adopted amendments excluded the Republic of Singapore from the list.