Audit and Assessment of CFC Companies in Ukraine

With the new rules on controlled foreign companies (CFCs), Ukrainian business owners are facing complex tasks: proper declaration, report preparation, risk analysis. Even the slightest mistake in financial or legal documents can lead to fines, sanctions, or tax audits.

Our company offers professional audit and assessment of CFC companies so that you can confidently manage your business while minimizing risks.

CFC Reporting Audit: How to Check If Everything Is Under Control

A CFC reporting audit is a thorough review of already prepared reports for compliance with legal requirements. This procedure is especially important for businesses that aim to:

• Avoid fines for mistakes or omissions in reporting

• Protect themselves from additional inspections by tax authorities

• Confirm the accuracy of the submitted data

When Is an Audit Needed?

1. Before submitting the report. We will help ensure that all documents are properly prepared without errors or contradictions

2. After report preparation. If you have prepared the documents yourself, the audit guarantees that the reports comply with the standards

3. In case of legal changes. New rules may require corrections to previously submitted reports

How Do We Do It?

Our experts conduct a comprehensive check:

• Analyze financial indicators and compliance with standards

• Verify compliance with tax norms and CFC requirements

• Identify possible risks and provide recommendations for their elimination

The result of the audit is confidence that your documents are flawless

Risk Analysis for CFC Companies: How to Avoid Sanctions?

Tax legislation in Ukraine and international standards are constantly changing, and these changes often affect the operation of CFCs. To avoid fines or loss of company status, regular risk analysis is necessary.

What Does Risk Analysis Include?

• Assessment of the company’s tax status. We determine whether your CFC meets all the requirements and whether there is a risk of tax residency in Ukraine

• Verification of report transparency. Are all CFC incomes reflected in the controllers’ declarations? Are all assets accounted for?

• Analysis of business structure compliance. We identify possible weaknesses in your corporate structure that may raise concerns from tax authorities

How to Avoid Sanctions?

• Regularly update information on changes in legislation

• Declare all foreign company income, even if it has not yet been distributed

• Prepare reports according to the rules and consider all requirements for ownership structure

Our consultations will help you assess all risks and avoid possible sanctions

How We Help CFC Companies: Step-by-Step Approach

1. Initial consultation. We analyze your situation, determine key risks and the scope of work

2. Document collection. You provide us with financial statements, contracts, and other data necessary for audit or analysis

3. Audit. We check the reports for compliance with all tax requirements and identify deficiencies

4. Risk analysis. We assess the company structure, tax obligations, and compliance with legal norms

5. Recommendations. We offer specific steps to correct errors and optimize tax planning

6. Long-term support. We provide continuous support to keep your business stable and protected

Why Choose Us?

• Expertise. We have extensive experience working with CFCs and continuously monitor changes in legislation

• Transparency and reliability. You receive a clear action plan and detailed explanations for each step

• Individual approach. Our services are tailored to your needs and business specifics

• Comprehensive support. From report auditing to risk consultations — we provide full support for your CFC

Audit and assessment of CFCs is your protection against fines and sanctions, and an opportunity to build your business on a solid foundation

Submit your request for a consultation and we will help you secure your business