To a company with foreign investments, which is a processor and exporter of sunflower oil, a tax office increased an object of taxation by profits tax and accrued liabilities on VAT in the amount of 137 million UAH, based on violations committed by its counterparty. Wherein, a tax office emphasized that acts on the agricultural products supply between the client and the counterparty were fancy (unjustifiable).
Due to the diligent work of our team, a detailed protection strategy was developed, a careful analysis of accounting and tax documentation was carried out for the client. During the judicial examination, we provided good causes for confirmation of the reality of commercial transactions.
Our concept of protection of the client’s interests has been successfully realized in this case. The company has prevented additional expenses because of unreasonably charged value-added tax and increasing the taxing object by the profits tax in the total amount of 137 million UAH.