PwC Business Breakfast "Practical Aspects of VAT for Pharmaceutical Industry"

View this page in: Українська, Русский

15 April 

15 April 2014
From 9.30am until 12.30am. Registration will open at 09.00am.

PwC Ukraine's office, Eurasia Business Center, 10th floor,
75 Zhylyanska Street, Kyiv
Working languages: Ukrainian, Russian, English
Free of charge, by invitation only

A 7 % VAT on the supply of medicines and goods of medical purpose was introduced in Ukraine starting  1 April 2014. Due to this change, all entities of the pharmaceutical industry conducting business in Ukraine (i.e. importers, manufacturers, distributors, pharmacies, etc.) are facing a number of new tax issues and associated risks. Moreover, this novation influences the business models which were historically applied by pharmaceutical companies in the county.

PwC Ukraine invites you to participate in PwC Ukraine’s Business Breakfast for Finance Leaders. We plan to discuss the following topics:

  1. Technical aspects of the application of the new rules in respect of VAT on transactions with medicines at different stages of supplies:
    • VAT treatment of import transactions
    • VAT rate for transactions with goods of medical purpose
    • Recovery of input VAT/VAT refund
    • Peculiarities of issuing VAT invoices
    • VAT reporting
  2. Customs issues related to the importation of medicines and goods of medical purpose:
    • Customs valuation issues (price fluctuations, including additional elements in the customs value, etc.)
    • Adjusting customs declarations in case of credit notes and payments of royalties
    • Signing the EU-UA Association Agreement - main influence on pharmaceutical industry 
  3. Overview of the recent court practice on VAT disputes with the tax authorities;
  4. Transfer pricing implications, which need to be taken into account;
  5. Potential changes in existing business models for pharmaceutical companies conducting business in Ukraine.

During the event you will have an opportunity to exchange views with your colleagues from other multinational and local pharmaceutical companies, as well as discuss the aforementioned issues with our advisors. The event and discussions will be moderated by:

  • Svetlana Bilyk, PwC, Director
  • Viktoria Tymoshenko, PwC, Senior Manager, Indirect taxes
  • Oleg Shmal, PwC, Senior Manager, Corporate taxes

If you are interested in attending the PwC Pharmaceutical Business Breakfast, please join us on Tuesday, 15 April 2014. If you are unavailable, you are welcome to pass this invitation on to another senior representative of your company. We will also be grateful if you share this invitation with your colleagues from other companies in the pharmaceutical industry.

Please confirm your attendance with Myroslava Suprunyuk by email: myroslava.suprunyuk@ua.pwc.com by Friday, 11 April 2014.