Asters has successfully represented the Globus shopping center in a dispute with the Ukrainian tax authority, heard by the Sixth Administrative Court of Appeal in Kyiv.
Globus is a shopping center in Kyiv. It consists of two parts, Globus 1 and Globus 2, which cover an area of 36,400 square meters, featuring more than 200 shops and restaurants.
The dispute ensued after the tax authority demanded that the shopping center pay UAH 300 million in VAT and corporate profit tax adjustments. According to Asters, “the authority claimed that the company had to report income from discounting its loan payables, to amortize the discount, and to reimburse the VAT credit it had claimed in connection with advertising services.”
The court concluded that the claims of the tax authority were unfounded and ruled in favor of Globus.
Asters’s team included Partner Constantin Solyar and Associate Iryna Gordiyuk.