Our standard accounting compliance services include maintaining accounting books in accordance with the Ukrainian legislation (National Standards of Bookkeeping) as well as – at the client’s request – in accordance with the International Accounting Standards. We provide services related to the closing of the financial year (preparation of Statutory Financial Statements in compliance with local standards and IAS – at the client’s request) and prepare obligatory statistical reports. Additionally, we can also develop a chart of accounts, provide initial setup of an accounting system for newly registered Enterprises and Representative offices.
Complementary Services include:
- Collection of documents from third parties
- Preparing the primary documentation
- Preparing payment orders in the Company’s online banking systems and communication with banks
Intercompany reporting services include drawing-up monthly or annual reports for group purposes (Management Reports etc.). As a rule templates of reports are provided to us by our clients but if needed we can assist you in developing such reports.
Corporate Profit Tax Compliance
CPT compliance services consist of PwC drawing up CPT calculations for a given tax period and preparing draft CPT returns for the client. Profit tax is calculated on the basis of accounting records and source documents provided by the Client.
The provision of CPT compliance services may also include conducting periodic pre-filing and post-filing CPT reviews by PwC’s specialists.
We can help you to identify potential tax risks and advice on how to mitigate them. Also, we identify tax savings which may decrease your effective tax rate.
Value Added Tax Compliance
Our VAT compliance services include maintaining purchase and sales records based on the source accounting documents and financial accounting data, and drawing up monthly VAT returns.
Under VAT compliance services, PwC experts can carry out periodic reviews of VAT calculations upon request. As a result of the tax reviews, tax risk areas and VAT optimisation opportunities are identified.
Payroll Services, Payroll Taxes and Reporting
Our payroll services include processing payroll calculations by PwC specialists as well as the calculation of personal income tax amounts and social security contributions (taking into account employee bonuses, overtime, holidays and sick leave pay).
PwC’s services also include payroll reporting, the provision of payslips to individuals on a monthly basis, preparation of statements regarding salaries for individuals (upon employee request).
We specialize also in payroll services for senior executive teams, where the complexity of payroll is higher and we focus on account management and confidentiality of payroll
Tax Function Consulting
Tax Function Consulting services are aimed at developing an efficient tax function for the Company according to the features of its business processes and tax reporting requirements.
PwC will assist with developing and implementing a tax strategy for the Company as well as a system of tax accounting and control (e.g. integrating tax accounting under a single methodology, designing tax function organisational structures as well as roles and authorities among tax function staff, developing tax forecasting systems, etc.)
- Support with resolving accounting issues of a methodological nature
- Provision of accounting consultations and interpretation of accounting legislation
- Assistance with the process of hiring accounting personnel (e.g. conducting interviews with candidates, preparing a list of questions for the interviews, etc.)
- Restoration of the Company’s accounting books
- Representation the Company in front of the tax authorities in case of queries, routine inspections or tax audits.