Ukraine
01-26-2023
Following Russia's aggression on February 24, 2022, Ukraine has been faced with the challenge of defending its borders, improving its administrative systems and rebuilding its damaged infrastructure.
03-24-2022
Since the start of the invasion of Ukraine, many companies have been making donations to support relief efforts following the invasion. In this commentary we review the main corporate income tax implications of these donations for Spanish or Polish resident donor legal entities.
03-24-2022
On March 12 2022 the Act on aid to citizens of Ukraine in connection with armed conflict on the territory of this country came into force. The special purpose act, in addition to regulating a number of issues related to the refugee’s stay in Poland, allows for favorable tax treatment of humanitarian aid expenditures incurred by corporations. At the same time, tax deductions that had already existed before the special purpose act came into force are still available for the taxpayers. The possibility of benefiting from both tax preferences for the same expenditures simultaneously remains an open question.
03-11-2022
Two ministerial orders have been approved, increasing the temporary protection and implementing the procedure for recognition of temporary protection for people affected by the conflict in Ukraine.