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Ukraine in talks with other countries over Latvia, Estonia offshore list
Journal Staff Report

KYIV, Jan 19 - Ukraine is holding negotiations at the level of embassies and finance ministries due to the decision by the Ukrainian government to include Estonia and Latvia in the list of offshore zones, Finance Minister Oleksandr Danyliuk said.

"Yes, such a decision was made, and we already had a conversation with the ambassadors of Estonia and Latvia. This is due to the fact that the mechanism for taxing profit on withdrawn capital was introduced in these two countries - in Estonia for several years already, and in Latvia since January 1 this year. It means that profit is not taxed until it is distributed in the form of dividends, for example, but we have legislative requirements... There is some conflict with the law, but this is not a conflict with friendly states," he said, while answering in parliament a question from People's Front MP Oleksandr Kodola.




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