Alexander Shemiatkin delivered a speech at the XVII Ukrainian CFO Forum

October 23, 2018

On October 19, 2018 Alexander Shemiatkin, partner at , participated in the XVII Ukrainian CFO Forum.

In his speech “Risks in terms of Exit Capital Tax implementation – Are you ready?” Alexander reported on the Exit Capital Tax benefits. Besides, he commented the application of BEPS law package, having dwelled on comparison of the Draft Law No. 8557 on the Exit Capital Tax and the Draft Law on BEPS implementation, which was recently prepared by the Ministry of Finance.

According to Alexander’s words, in many aspects the mentioned Draft Laws are trying to solve the same issues, but in different ways. “Rules of BEPS Draft Law are difficult in terms of administration. Therefore, the State receives the deterioration of investment climate, increase in corruption opportunities and insufficiently effective block of USD 11 billion annual withdrawal. At this time, the Exit Capital Tax handles a situation of the tax base erosion by much easier ways in terms of administration”, – mentioned Alexander.

The XVII Ukrainian CFO Forum has become a platform for business representatives and financial institutions for the purpose of discussion of current trends, sharing experiences and search of new ways of business development.