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 Ivanna.Severynenko@ua.pwc.com.

2009

Issue 1. 14 January 2009

• Changes to excise and customs duty rates

Issue 24. 19 November 2008

• Hard Currency Monitoring Body (HCMB) - Update

• Hard Currency Monitoring Body (HCMB)

• Principal provisions of land and construction laws are amended

• Immigration requirements – period of initial state registration increased

• New import duties now in effect

• Recent interpretation of losses carried-forward

• NBU prime rate increased

• Recent interpretation of the “usual price” of goods imported for further resale

• WTO protocol was ratified by Verkhovna Rada

• New restrictions on issue of bonds

• Confirmation of tax residency status

• Additional VAT reporting requirements

• Immigration requirements – electronic entry/exit controls have been introduced

• Tax depreciation cost

• VAT refund procedure to be improved

• Confirming export of goods for VAT refund purpose

• Ukraine's accession to WTO approved

2007

Issue 9. 19 December 2007

• Tax privileges for energy saving activities

• Maximum interest rates on loans from non-residents

• NBU regulation on maximum interest rate

• Maximum interest rates on foreign currency loans

• Scrutinising tax schemes

• Financial statements due to State Registrar by 1 June
• Authorities clarify inpu tax credits for imported goods
• Authorities clarify inpu tax credits for imported goods
• Ukraine joins European Business RegisterChanges to the amount of social security contributions and the minimum capital for new companies

• Changes to the amount of social security contributions and the minimum capital for new companies

• Proposed new treaty between Ukraine and Cyprus

• Tax law changes: corporate profit tax and VAT
• Social security contributions
• New tax treaties