Aequo defended interests of Zara

Aequo’s tax disputes team defended interests of Zara in a tax dispute before the Kyiv Administrative Court of Appeal. The case concerned unlawful refusal by the tax authority to credit the amounts of advance corporate profit tax paid by the company upon the distribution of dividends towards its current corporate profit tax liabilities. The background of the case was complicated by the different approach of the tax authority applied to 2013 and 2014 payments, while substantive law remained unchanged. Having considered Aequo’s appeal, the Kyiv Administrative Court of Appeal canceled the decision of the local administrative court and decided in favor of Zara. By its resolution, the court, in particular, canceled the tax claim and decision on imposition of the tax pledge over the client’s assets issued by the tax authority as well as obliged the latter to take due account of the amounts of advance corporate profit tax, which have been unlawfully disregarded. Aequo team in the case included senior associates Yevgen Levitskyi and Myroslava Savchuk and associate Vasyl Mishchenko under the supervision of Denis Lysenko, managing partner.