Ukraine adds Latvia and Estonia to its list of tax havens

2018/1/20 14:37:44

[Estonian Foreign Minister Sven Mikser(pictured)] explained that Estonia was included in Ukraine’s list of tax haven by mistake because the Ukrainian government has misinterpreted the Income Tax Act.

 


From the Baltic Times, Jan 19, 2018

 

TALLINN - Ukraine has added Latvia and Estonia to its list of tax havens, and the decision is effective since the beginning of 2018, the Estonian newspaper Eesti Paevaleht reported.

 

Estonian Foreign Minister Sven Mikser said that Estonia was put on Ukraine's list of tax havens by mistake and the Estonian Foreign Ministry was working to resolve the situation.

 

"We are working to eliminate this unpleasant situation and towards minimizing the damage caused by this incident to Estonian entrepreneurs so that bilateral economic relations could continue operating, as undoubtedly this kind of development will damage the relations," Mikser said at the government's press conference.

 

"They should have notified us, but they did not. From the moment that the Estonian officials knew of this, we have worked towards ensuring the Estonia is eliminated from this list," the minister said.

 

Mikser explained that Estonia was included in Ukraine’s list of tax haven by mistake because the Ukrainian government has misinterpreted the Income Tax Act. One basis was when business income is taxed 5 percent less in the country in question than in Ukraine, but Estonia's 20 percent tax liability for dividend distribution is even higher than in Ukraine.

 

[…]

https://www.baltictimes.com/ukraine_ad ... o_its_list_of_tax_havens/

 

 

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