Tax due diligence in Ukraine and steps for due diligence of Ukrainian company or business


There are many services nowadays that are helping the small businesses and companies in their tax due diligence and such matters. These services of  Xero Ukraine have got a rise in the last few years as they take the taxation department completely in their hands and maintain them. Therefore, business personnel does not have to think much about that part of their business anymore.

Here in this article, we will know about tax due diligence and steps to follow for the xero services for that of the Ukrainian companies or businesses.


It is basically a comprehensive tax audit for every company in the world. It is also the analytics of its financial activities and study of the tax business the environment of the organization. Every business should take care of their tax due diligence as it will identify and prevent risks, as well as possible tax optimization.

Needed steps for due diligence of Ukrainian company or business:

There are some steps to follow for the parties for due diligence of the Ukrainian company. Check them out below:

Direct and proven debt: These can be ascertained by documents procured from fiscal or tax authorities under the official requests of the authorities. The register of court decisions might also, be a source of potential debts as well. You can get this information from any relevant agencies.

Licenses and permissions: This depends on the final products of the business. There are only special business licenses and permissions are there in Ukraine based on the product or the service that the business is offering.

Properly audit: The internal audit is one of the essential concerns of foreign investment due diligence. Therefore, the properties and the real estate documents have to be proper to avoid any type of risk. The legal, due diligence must not check the current state property only, but also it will check the stage when the property had acquired previously.

Corporate issues: It is a very common practice for investors to buy shares of different companies that you intend to acquire. Therefore, checking the corporate issues are another part of due diligence. One should check the different aspects of it properly, aspects such as dividends, company's corporate regulations, and other acts, as well as the company's previous ownership, are the few things you need to keep an eye on.

Competition law regulation: If the company is huge and own a large market share in its industry, the company should obtain an the exclusive list of permission from Ukrainian anti-trust
authorities of the country to prove themselves not guilty in engaging any monopolistic behavior.

So these were some of the most important steps one should take for the due diligence of any Ukrainian company or business.

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