Tax and Legal Alert

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2016


Issue#12

12/05/16

The National Bank of Ukraine gradually eases currency control restrictions

Issue#11

28/04/16

The Ministry of Finance adopts a new procedure for collection of VAT refund via court

Issue#10

27/04/16

The State Fiscal Service of Ukraine has expanded its interpretation of transfer pricing legislation

Issue#9

05/04/16

The State Fiscal Service of Ukraine clarified the legal nature of bonuses paid to distributors

Issue#8

23/03/16

New filing thresholds for merger control are established

Previous years

Issue#57

25/12/15

Parliament adopts law on cancellation of additional import fee

Issue#56

24/12/15

Verhovha Rada of Ukraine adopted changes to the tax legislation

Issue#55

23/12/15

NBU to pressure banks regarding payments to non-residents

Issue#54

18/12/15

Russian Federation will suspend the FTA with Ukraine starting 1 January 2016

Issue#53

16/12/15

The Law aimed at easing of the Companies Registration procedures came into force

pdf Issue 73. 30 December 2014

  • Parliament postpones introduction of VAT accounts until 1 February 2015 with an extended trial period

pdf Issue 72. 30 December 2014

  • Parliament adopts Law introducing tax compromise (amnesty)

pdf Issue 71. 30 December 2014

  • Parliament passes major changes in Transfer Pricing legislation

pdf Issue 70. 25 December 2014

  • Major changes likely for Transfer Pricing legislation

pdf Issue 69. 5 December 2014

  • NBU to pressure banks regarding payments to non-residents

pdf Issue 68. 3 December 2014

  • The NBU has prolonged currency control restrictions

pdf Issue 67. 19 November 2014

  • President signed several Decrees aimed at relocating courts from Lugansk and Donetsk regions

pdf Issue 66. 19 November 2014

  • Draft parliamentary coalition agreement states that electronic VAT accounts should be cancelled

pdf Issue 65. 18 November 2014

  • Further restrictions on utilisation of VAT refunds

pdf Issue 64. 7 November 2014

  • 2015 VAT refund rules have changed again

pdf Issue 63. 7 November 2014

  • New template for the VAT return is adopted

pdf Issue 62. 3 November 2014

  • The NBU cancelled certain restrictions for currency operations

pdf Issue 61. 31 October 2014

  • New electronic VAT systemis likely to have negative cash flow consequences

pdf Issue 60. 31 October 2014

  • Rules for electronic administration of VAT were adopted

pdf Issue 59. 24 October 2014

  • President signed laws aimed at fighting corruption

pdf Issue 58. 24 October 2014

  • TheMinistry of Justice has approved the procedure of state registration of commercial concession (franchise) agreements

pdf Issue 57. 16 October 2014

  • Companies will be obliged to disclose their ultimate beneficiaries

pdf Issue 56. 16 October 2014

  • Parliament adopts new legislation aimed at fighting corruption

pdf Issue 55. 2 October 2014

  • Ukraine has set up a procedure for moving goods between themainland of Ukraine and Crimea

pdf Issue 54. 24 September 2014

  • Payments for services abroad are restricted?

pdf Issue 53. 23 September 2014

  • Russia plans to restrict the preferential regime on themajority of Ukrainian imported goods

pdf Issue 52. 23 September 2014

  • Currency control restrictions

pdf Issue 51. 16 September 2014

  • The European Parliament and the Verkhovna Rada of Ukraine have ratified the Association Agreement

pdf Issue 50. 12 September 2014

  • The Law on Sanctions enters into force

pdf Issue 49. 09 September 2014

  • New list of medical products subject to 7% VAT is introduced

pdf Issue 48. 05 September 2014

  • The territorial jurisdiction for the cases which are considered by the courts in the ATO zone has been

pdf Issue 47. 03 September 2014

  • The National Bank of Ukraine has introduced a ban on offsetting receivables/payables in foreign currency

pdf Issue 46. 03 September 2014

  • Changes to the valuation of individuals’ assets for tax purposes

pdf Issue 45. 01 September 2014

  • The procedure for transferring materials after a tax audit to the tax police has been amended

pdf Issue 44. 21 August 2014

  • The NBU introduced 100% mandatory sale of currency proceeds

pdf Issue 43. 20 August 2014

  • The Law of Ukraine “On performance of justice and criminal proceedings due to the execution of the anti-terrorist operation” was signed by the President of Ukraine

pdf Issue 42. 12 August 2014

  • The Law establishing a Free Economic Zone in Crimea was passed

pdf Issue 41. 5 August 2014

  • Interest income is now subject to 15% Personal Income Tax

pdf Issue 40. 1 August 2014

  • Indirect tax changes

pdf Issue 39. 1 August 2014

  • Certain CPT incentives to be abolished

pdf Issue 38. 1 August 2014

  • Individuals will pay Temporary Military Tax on personal income

pdf Issue 37. 3 July 2014

  • The Ministry of Revenues and Duties has expanded its interpretation of transfer pricing legislation

pdf Issue 36. 3 July 2014

  • New list of medical products subject to 7% VAT effective 1 July 2014

pdf Issue 35. 1 July 2014

  • Ukraine and the EU have signed the economic part of the Association Agreement

pdf Issue 34. 23 June 2014

  • Restriction on access to property registers in Donbas region

pdf Issue 33. 29 May 2014

  • Report on controlled transactions for the year 2013 is deferred to 1 October 2014

pdf Issue 32. 23 May 2014

  • Procedure on VAT bonds is approved

pdf Issue 31. 16 May 2014

  • VAT in Crimea reduced to 4%

pdf Issue 30. 13 May 2014

  • Report on controlled transactions for the year 2013 is deferred to 1 October 2014

pdf Issue 29. 29 April 2014

  • The Law On Occupied Territory came into force

pdf Issue 28. 28 April 2014

  • The list of medical goods subject to 7% VAT was approved by the Government

pdf Issue 27. 23 April 2014

  • Deadline for filing (optional) corporate profit tax returns!

pdf Issue 26. 22 April 2014

  • Report on controllable transactions for the year 2013 is expected to be deferred to 1 October 2014

pdf Issue 25. 17 April 2014

  • Crimean taxation: guidelines issued

pdf Issue 24. 16 April 2014

  • The Law On Occupied Territory was adopted by the Parliament of Ukraine

pdf Issue 23. 16 April 2014

  • Parliament adopts a new law that simplifies setting up a business in Ukraine

pdf Issue 22. 15 April 2014

  • EU temporarily removes/decreases customs duties on various Ukrainian goods

pdf Issue 21. 11 April 2014

  • Authorized exporter status for companies trading with EFTA countries and Montenegro

pdf Issue 20. 11 April 2014

  • VAT for pharmaceutical industry: recent amendments

pdf Issue 19. 9 April 2014

  • The Law “On renewal of trust to the judicial power in Ukraine”was adopted

pdf Issue 18. 9 April 2014

  • Vehicle utilisation fee and excise tax on reequipment of vehicles were cancelled

pdf Issue 17. 8 April 2014

  • VAT for pharmaceutical industry: recent developments

pdf Issue 16. 7 April 2014

  • Russian citizens limited in their stay in Ukraine

pdf Issue 15. 4 April 2014

  • VAT for pharmaceutical industry: practical issues

pdf Issue 14. 2 April 2014

  • Currency control limitations

pdf Issue 13. 1 April 2014

  • Pharmaceutical industry is subject to VAT

pdf Issue 12. 28 March 2014

  • Social guarantees for mobilised military personnel

pdf Issue 11. 28 March 2014

  • The Law“On prevention of financial collapse and creation of prerequisites for economic growth of Ukraine” was adopted

pdf Issue 10. 28 March 2014

  • VAT refund through VAT bonds

pdf Issue 9. 25 March 2014

  • Transfer pricing reporting may be postponed

pdf Issue 8. 21 March 2014

  • The Draft Law“On provision of rights and freedoms of citizens on the temporarily occupied territory of Ukraine” was adopted in the first reading

pdf Issue 7. 20 March 2014

  • Advance Corporate Tax and Foreign Exchange Losses

pdf Issue 6. 6 March 2014

  • The NBU introduced temporary restrictions for withdrawal of foreign currency

pdf Issue 5. 10 February 2014

  • New limitation of currency operations

pdf Issue 4. 29 January 2014

  • The law introducing the concept of “foreign agent-NGO” lost its legal force

pdf Issue 3. 23 January 2014

  • The lawintroducing the definition of an NGO that functions as a foreign agent came into force

pdf Issue 2. 14 January 2014

  • The form and procedure for reporting controlled transactions has been established

pdf Issue 1. 13 January 2014

  • Extension of the list of jurisdictions in the information exchange network

pdf Issue 55. 10 January 2014

  • CPT rate decreases while VAT rate remains the same

pdf Issue 54. 9 January 2014

  • The Cabinet of Ministers has issued the list of low-tax jurisdictions

pdf Issue 53. 20 December 2013

  • CPT rate decreases while VAT remains the same

pdf Issue 52. 3 December 2013

  • The Ministry of Revenues and Duties offers guidance on certain TP issues

pdf Issue 51. 29 November 2013

  • The Unified Register of Single Tax Payers will substitute certificates

pdf Issue 50. 21 November 2013

  • The deadline for submission of annual statutory financial statements has been extended from 9 to 28 February

pdf Issue 49. 11 November 2013

  • The new definition of a low tax jurisdiction is one step closer to coming into force

pdf Issue 48. 25 October 2013

  • Definition of low tax jurisdiction amended

pdf Issue 47. 25 October 2013

  • The Government has adopted a number of resolutions clarifying transfer pricing rules

pdf Issue 46. 22 October 2013

  • The Highest Administrative Court of Ukraine issued a clarification on disallowing sales below cost to related parties

pdf Issue 45. 18 October 2013

  • The old tax treaty with Cyprus will continue to apply till the end of the year

pdf Issue 44. 14 October 2013

  • Expansion on rule for mandatory sale of foreign currency proceeds

pdf Issue 43. 09 October 2013

  • Voluntary VAT registration will be simplified starting from 1 January 2014

pdf Issue 42. 25 September 2013

  • CPT and VAT rates are unlikely to decrease in 2014

pdf Issue 41. 25 September 2013

  • NBU restricts hard currency salaries for expatriates

pdf Issue 40. 24 September 2013

  • Procedure established for VAT refund through treasury bills

pdf Issue 39. 18 September 2013

  • The new Ukraine-Cyprus Tax Treaty Enters into Force

pdf Issue 38. 09 September 2013

  • Doing business and investing in Ukraine guide released for 2013

pdf Issue 37. 06 September 2013

  • New Tax Treaty signed with Malta

pdf Issue 36. 29 August 2013

  • The NBU’s restrictions on cash payments

pdf Issue 35. 15 August 2013

  • The President of Ukraine signed the Law introducing criminal liability of legal entities

pdf Issue 34. 09 August 2013

  • The vehicle utilisation fee law was officially published

pdf Issue 33. 07 August 2013

  • Companies are entitled to offset ACT on dividends against monthly advance tax instalments

pdf Issue 31. 31 July 2013

  • The president signed a law introducing VAT refunds through treasury bills

pdf Issue 30. 26 July 2013

  • The Cabinet of Ministers Plans to Sign Ukraine-Malta Double Tax Treaty

pdf Issue 29. 25 July 2013

  • The President of Ukraine signed the Law ratifying the new tax treaty with Cyprus

pdf Issue 28. 09 July 2013

  • VAT refunds through treasury bills

pdf Issue 27. 09 July 2013

  • Offset of monthly ACT with advance CPT on dividends is allowed

pdf Issue 26. 08 July 2013

  • New Work Permit procedure

pdf Issue 25. 05 July 2013

  • New Ukraine-Cyprus Tax Treaty

pdf Issue 24. 05 July 2013

  • VAT refund through treasury bills

pdf Issue 23. 04 July 2013

  • The Law on new transfer pricing rules passed

pdf Issue 22. 03 July 2013

  • Changes to VAT invoices

pdf Issue 21. 20 June 2013

  • The Parliament passed in the first reading the Draft Law on transfer pricing

pdf Issue 20. 11 June 2013

  • Decrease of the NBU refinancing rate

pdf Issue 19. 30 May 2013

  • Permits for outsourcing/provision of personnel

pdf Issue 18. 24 May 2013

  • Simplification of customs procedures

pdf Issue 17. 20 May 2013

  • The NBU prolongs the effective dates of ‘90 day rule’ and mandatory sale of foreign currency

pdf Issue 16. 25 April 2013

  • Plans to simplify the procedures for obtaining work permits

pdf Issue 15. 24 April 2013

  • New Tax Treaty signed with Ireland

pdf Issue 14. 15 April 2013

  • Potential employment costs increase - USC in respect of accommodation provided to employees

pdf Issue 13. 10 March 2013

  • Documenting car usage expenses will become more simplified

pdf Issue 12. 27 March 2013

  • Recent changes in registration of foreign investments in Ukraine

pdf Issue 11. 19 March 2013

  • Tax treatment of “motivational” payments

pdf Issue 10. 19 March 2013

  • Application of VAT incentives for IT industry

pdf Issue 09. 15 March 2013

  • Special customs duties for imported vehicles

pdf Issue 08. 11 March 2013

  • Prime Minister suggests introducing VAT on imported drugs

pdf Issue 07. 26 February 2013

  • The 2005 Ukrainian classifier of economic activities will be effective till the end of 2013

pdf Issue 06. 21 February 2013

  • A new form of the Register of issued and received VAT invoices has come into force

pdf Issue 05. 20 February 2013

  • Kharkiv courts confirms ACT offset procedure

pdf Issue 04. 19 February 2013

  • Important changes in Russian law affecting Russian nationals working in Ukraine

pdf Issue 03. 06 February 2013

  • Taxpayers are entitled to offset CPT overpayments against ACT liabilities

pdf Issue 02. 17 January 2013

  • New rules for CPT advance payments

pdf Issue 01. 09 January 2013

  • Various amendments to the Tax Code

pdf Issue 67. 27 December 2012

  • Unified document to confirm the state registration

pdf Issue 66. 18 December 2012

  • Customs authorities require guarantees for re-export

pdf Issue 65. 18 December 2012

  • President has signed the Budget Law for 2013

pdf Issue 64. 14 December 2012

  • Changes to the ‘Green’ Tariffs  for Electric Power

pdf Issue 63. 12 December 2012

  • Securities: new rules for corporate profits tax

pdf Issue 62. 12 December 2012

  • Special tax on transactions with securities

pdf Issue 61. 5 December 2012

  • The Ukraine-Mexico Tax Treaty to come into force

pdf Issue 60. 21 November 2012

  • The moratorium for agricultural land sale was extended until 1 January 2016

pdf Issue 59. 21 November 2012

  • The NBU establishes the mandatory sale of foreign currency for individuals

pdf Issue 58. 19 November 2012

  • A threshold for the mandatory sale of foreign currency proceeds established by the NBU

pdf Issue 57. 19 November 2012

  • The NBU introduced ‘90-day rule’ and obliged exporters to sell foreign currency proceeds

pdf Issue 56. 15 November 2012

  • The State Tax Service Clarifies the Limited Deductibility of Engineering Fees paid to Non-Residents

pdf Issue 55. 09 November 2012

  • A New Tax Treaty with Cyprus Signed

pdf Issue 54. 09 November 2012

  • New Tax Benefits for Investors under PSAs

pdf Issue 53. 08 November 2012

  • The NBU may change ‘180-day rule’ and require exporters to sell foreign currency proceeds

pdf Issue 52. 23 October 2012

  • Positive Changes to the PSA law

pdf Issue 51. 19 October 2012

  • Restrictions on cash payments

pdf Issue 50. 02 October 2012

  • Electronic Visa for Cyprus

pdf Issue 49. 26 September 2012

  • Investment incentives for priority industries

pdf Issue 48. 25 September 2012

  • Visa update

pdf Issue 47. 24 September 2012

  • Court practice regarding losses carry forward

pdf Issue 46. 19 September 2012

  • A new law on employment becomes effective on 1 January 2013

pdf Issue 45. 19 September 2012

  • Clarification of the procedure for administrative appeals

pdf Issue 44. 31 August 2012

  • Transfer pricing agreements with the tax authorities

pdf Issue 43. 22 August 2012

  • Court confirms taxpayers’ right to carry forward losses

pdf Issue 42. 08 August 2012

  • Notaries are entitled to register the rights to real estate

pdf Issue 41. 07 August 2012

  • IT industry got limited tax incentives

pdf Issue 40. 07 August 2012

  • New Free Trade Agreement between Ukraine and CIS countries

pdf Issue 39. 03 August 2012

  • Control over PDP legislation

pdf Issue 38. 26 July 2012

  • Complaints regarding the rejection of customs clearance

pdf Issue 37. 16 July 2012

  • Tax losses allowed

pdf Issue 36. 07 July 2012

  • Energy issues

pdf Issue 35. 06 July 2012

  • Incentives for the IT industry

pdf Issue 34. 06 July 2012

  • Limitationson Losses Carry-Forward

pdf Issue 33. 02 July 2012

  • Connecting to Ukrainian electricity grids and the gas transportation system

pdf Issue 32. 22 June 2012

  • New tax incentives for the IT industry vetoed

pdf Issue 31. 20 June 2012

  • Law “On the Sea Ports of Ukraine”

pdf Issue 30. 18 June 2012

  • Increased liabilities for labor law violations

pdf Issue 29. 08 June 2012

  • Electronic customs declaration is permitted for all entities

pdf Issue 28. 05 June 2012

  • Royalties for oil and gas and payments for subsoil use

pdf Issue 27. 01 June 2012

  • New customs procedures – transitional period

pdf Issue 26. 31 May 2012

  • Financial guarantees during transit

pdf Issue 25. 31 May 2012

  • New procedure for the customs treatment of royalties

pdf Issue 23. 30 May 2012

  • New classifier for economic activities

pdf Issue 22. 29 May 2012

  • Changes in Cyprus tax law open up new planning opportunities

pdf Issue 21. 25 May 2012

  • Ukraine – EFTA Free trade agreement comes into force

pdf Issue 20. 25 May 2012

  • New Tax incentives for the IT industry

pdf Issue 19. 23 April 2012

  • The new Customs Code was published

pdf Issue 18. 19 April 2012

  • President has signed the new Customs Code

pdf Issue 17. 19 April 2012

  • New Law on NonGovernmental Organizations

pdf Issue 16. 03 April 2012

  • Customs post-audits

pdf Issue 15. 03 April 2012

  • Recent customs valuation issues

pdf Issue 14. 06 March 2012

  • Verkhovna Rada passes the new Customs Code

pdf Issue 13. 06 March 2012

  • Potential delays at customs clearance

pdf Issue 12. 03 March 2012

  • Customs imposes stricter control over the origin of goods

pdf Issue 11. 27 February 2012

  • Input VAT prorata rules

pdf Issue 10.27 February 2012

  • VAT invoices in tax accounting

pdf Issue 9. 27 February 2012

  • Audits to be conducted by SCSU starting 1 April 2012

pdf Issue 08. 02 February 2012

  • Customs value database will be available to public

pdf Issue 07. 30 January 2012

  • The Highest Administrative Court of Ukraine clarifies court duty amounts

pdf Issue 06. 23 January 2012

  • Container recycling fee for importers cancelled

pdf Issue 05. 20 January 2012

  • Tax evasion may result in a 10-year jail sentence for the responsible parties

pdf Issue 04.16 January 2012

  • Liability for non-compliance with personal data protection legislation will be applied from 1 July 2012

pdf Issue 03.11 January 2012

  • Excise tax rates and rates of certain other taxes and duties have been increased

pdf Issue 02.10 January 2012

  • Land reform and new real estate registration procedure postponed until 1 January 2013

pdf Issue 01.10 January 2012

  • Procedures related to closing down a business appear to be simplified