NEWS


28.04.2022

Advising on taxation of the promissory notes transactions


Our firm has advised the international company on certain aspects of taxation of the promissory notes transactions.

The client was negotiating a sale contract contemplating that the purchase price would be paid on an instalment basis, and for this deferred payment the client’s counteragent would issue the promissory notes in favour of the client.

Thus, we were applied to with a request for provision of respective legal advice, which was needed to the client with the aim of defining tax effects related with promissory notes transactions.  

During provision of the mentioned services, particular attention has been paid to practical application of the Ukrainian legislation governing such matters, with the aim of possible risk minimization. In addition, comprehensive analysis of court practice has been made against the possibility of potential tax dispute, as well as monitoring of the registered legislative drafts has been performed.

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