🔎 Scenario: A Ukrainian LLC (on the general taxation system) owns 100% of a foreign company — a controlled foreign company (CFC). The participants of the LLC are Ukrainian resident individuals. The question arises: who is the CFC controller and…
The State Tax Service of Ukraine has published preliminary results of the Controlled Foreign Company (CFC) reporting campaign. From 2022 to 2024, a total of 58,220 CFC reports were submitted, including 19,162 in 2024 alone. GLS Law is proud to…
🔹 Why is this topic important now? 🔹 Will there be penalties for late CFC reporting? How to handle CFC reporting in 2025? ✅ What if financial data for 2024 is not yet available? ⚠️ Is it difficult? ❌ What…
