Partner Yevgeniya Derbal spoke at the IFA round table on international taxation


On December 23, 2010 the round table on "Overview of the Tax Code provisions concerning taxation of international transactions", arranged by the International Fiscal Association (IFA Ukraine), was held in Kiev.
Within the framework of the round table the firm’s head of tax practice, partner Yevgeniya Derbal made a presentation on "New rules for determining the place of services supply for VAT purposes. Lack of regulation in applying VAT to legal, audit, consulting and similar services". Ms Derbal described the main innovations touching upon VAT taxation of services, particularities in determining the tax base and tax credit, and put emphasis on ambiguous rules regarding cancellation of VAT for consulting and legal services, according to the adopted Tax Code.