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Import tax optimization

When importing goods through an offshore company, it is possible to increase the price of the goods imported to Ukraine and thereby reduce the profits of the Ukrainian company. Or, on the contrary, the declared price can be lowered for the goods with high customs duties.

When conducting business transactions with foreign partners, rapid cash flow is of great importance. This efficiency is difficult to provide with the current currency control system and the practice of banking in Ukraine. The problem is solved if the foreign bank account of an offshore company is used for urgent payments.

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#ICO #Import
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