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Tax and Legal Alert
Periodic newsletter for our clients on recent changes and specific issues in Ukrainian tax legislation.
Would you like to be the first to know about latest tax legislation updates? Send an e-mail with subject "Subsribe to TLS Alert" to myroslava.suprunyuk@ua.pwc.com.
2012
- Customs value database will be available to public
- The Highest Administrative Court of Ukraine clarifies court duty amounts
- Container recycling fee for importers cancelled
- Tax evasion may result in a 10-year jail sentence for the responsible parties
- Liability for non-compliance with personal data protection legislation will be applied from 1 July 2012
- Excise tax rates and rates of certain other taxes and duties have been increased
- Land reform and new real estate registration procedure postponed until 1 January 2013
- Procedures related to closing down a business appear to be simplified
2011
- The Law on decriminalization of economic crimes comes into force on 18 Jan 2012
- President of Ukraine vetoed the new edition of the Customs Code
- Parliament adopted Draft Budget Law for 2012
- Ukrainian residents will be allowed to pay in UAH abroad
- Environmental tax: changes in the tax authorities’ approach
- Liability for non-compliance with personal data protection legislation will be enhanced in 2012
Tax Litigation Newsletter 3.07 December 2011
Tax Newsletter 9.23 November 2011
- Changes to the Tax Code on simplified tax regime
- The tax authorities propose a new regime for carrying forward losses
- President of Ukraine has vetoed 0% VAT rate on the export of grain and industrial crops
- New Customs Code of Ukraine approved
- 0% VAT rate has been re-introduced on the export of grain and industrial crops
- Temporary residence permits available for spouses of foreign employees
- On-line access to the Unified State Register of Legal Entities and Private Entrepreneurs has become available
- Tobacco Advertisement and New Limitations
- Environmental tax: potential exposure
- Ukrainian Anti-corruption legislation has changed
- Changes to the form of Income Statement
- Amendments to list of documents for work permit application and simplification of employment regime for foreigners of Ukrainian origin
- Pension Reform – increase in the retirement age and minimum insurance term
- Unified social contributions increase from 1 October 2011
- Restriction of previous years' losses carrying forward
- Introduction of model charters for legal entities
- Simplification of employment regime for Foreigners of Ukrainian origin
- Amendments to customs declarations
- The Law introducing electronic registration of companies is now effective
- Tariff classification decisions of customs authorities are available online
Tax Litigation Newsletter 2.12 August 2011
Tax Newsletter 8.9 August 2011
- Amendments to the Tax Code: Personal income tax
- An additional basis for voluntary registration as a VAT payer
Tax Newsletter 7.5 August 2011
- Amendments to the Tax Code: VAT
Tax Newsletter 6.5 August 2011
- Amendments to the Tax Code: Corporate profits tax and administration
- New CIS Rules of Origin for Customs Purposes
- President signed the Law on Court Duty / Fees
- Law on State Land Cadastre
- New visa legislation
- Maximum number of participants in LLCs is increased
- All general activity permits in one law
- Introduction of export duties for grain
- VAT exemption on consulting services cancelled
- Simplification of business set up
- Labour safety legislation to be changed
- Enforcing immigration compliance for dependents and business visitors
- Toughening of procedures at Border Control
- Latest changes in immigration authority procedures
- Quotas on grain export are cancelled
- Law on increasing the maximum number of participants in LLCs adopted by the Parliament
- Introduction of export duties for grain
- VAT exemption on consulting services cancelled
- State registration certificates for legal entities and individual entrepreneurs are abolished
- Setting up business to become simpler
- Change in authorities approach during tax audits - "benefits in kind"
- Tax office focusing on royalties
- Tax planning for Quarter 1 CPT return
- New construction law enters into force
- Automatic VAT refund
- Peculiarities of completion of VAT invoices
- New list of offshore jurisdictions
- Changes in currency regulations for foreign investments
- Limitation period to challenge tax assessments in court
Tax Newsletter 5.28 January 2011
- Tax Code: Key changes in VAT treatment of services
Tax Newsletter 4.25 January 2011
- Tax Code: Key changes impacting the alternative energy industry
- Mandatory registration of agricultural export contracts
- Beneficial ownership test applies from 1 January 2011
- Abolishment of Pension Fund charge on purchase of foreign currency
Tax Newsletter 3.13 January 2011
- Key changes related to personal income tax
Tax Newsletter 2.11 January 2011
- Key changes related to Corporate Profits Tax
- New form of VAT invoice and a Register of output and input VAT invoices
Tax Newsletter 1.11 January 2011
- Key provisions related to Value Added Tax
- Pension Fund charge on purchase of foreign currency reintroduced
2010
- VAT exemption now available for temporary import
- The Customs service introduces a regime of good faith
- Mandatory sale of proceeds in foreign currency may be introduced
- Customs stresses explanations
- Tax Code developments
- Tax Code adopted by Parliament
- President vetoes Tax Code
- News on the Tax Code
- Limitation of losses
- New Tax Code is adopted by the Parliament
- Payments under guarantee/surety agreements abroad
- A new treaty between Cyprus and Ukraine is expected to be signed shortly
- Simplified implementation of investment projects
- Late recognition of input VAT
- Customs announces major reforms
- Customs treatment of commissions paid to buying agents
- Customs valuation of medicines imported for clinical trials
- Breach of the procedural rules should not impact a tax assessment
- Customs authorities improve control over customs valuation
- VAT registration for new companies
- Tax office rulings and explanations
- Customs clearance will be quicker
- Draft Tax Code adopted in the first reading
- Restriction on ability to adjust tax returns
- Filing annual financial statements with the tax authorities
- Draft Tax Code: Changes to the simplified / unified tax system
- Draft Tax Code: Key Changes to Individual Tax
- Terms of salary payment
- Tax Code Draft: No deduction for royalties and service fees paid to non-residents
- Draft Tax Code. Key VAT changes
- Disclosure of the entire ownership structure
- Registration of rights for usage and management of real estate
- New instruction: immigration card use is limited
- Approval of draft Tax Code postponed
- Issuance of VAT bonds – fourth tranche
- Issuance of VAT bonds – third tranche
- Issuance of VAT bonds
- Additional Administration for employers and other "tax agents"
Indirect Tax Newsletter 01. 25 August 2010
- Interpretation of the VAT Law by the Higher Administrative Court of Ukraine
- New tax legislation signed
Tax Newsletter 01. 06 August 2010
- Newsletter on draft Tax Code
- Issue of VAT bonds
- 2010 tax loss limitation
- New version of the draft Tax Code officially published
- Hague Apostille Convention entered into force between Ukraine and Germany
- Reconciliation of tax accounting differences
- Law on Public-Private Partnership
- Tax treaties: tax authorities start to consider beneficial ownership test
- Pension fund contributions for private entrepreneurs
- Judicial Reform in Ukraine to start
- Single social contributions
- Free Trade Agreement between EFTA states and Ukraine
- The adoption of the Tax Code is postponed until September
- Tax Incentives for Euro 2012
- Recent legal developments
- Potential impact of losses carry forward restriction
- Draft Tax Code
- Changes to tax legislation
- Deadline for VAT bonds application
- Draft Tax Code approved by the Government
- Procedure of issuing VAT bonds
- 2010 Proposed tax incentives for Euro 2012
- 2010 State Budget Law
- Anti Money Laundering Law
- New changes in tax legislation
- Taxation of dividends
- Improvement to the foreign investment regime: latest developments
- Facilitation of foreign investment regime
- Potential changes to tax legislation
- Changes to the Foreign Investment Regime
- Changes to the Foreign Investment Regime
- Registration of foreign investments
- Taxation of Foreign nationals in Ukraine
- Closed JSC and Private JSC no longer require to publicly disclose information
- 2010 Tax Resident certificates issued
- Law on the Simplification of Entrepreneurial Activity
- Tax authorities reject 2010 tax resident status applications
- Taxation of foreign nationals
2009
- Expropriation of private land for public needs
- Amendments for the tax legislation for financial institutions
- VAT - registration of tax invoices suspended
- Changes to excise and customs duty rates
