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Tax and Legal Alert
View this page in: Українська, РусскийPeriodic newsletter for our clients on recent changes and specific issues in Ukrainian tax legislation.
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2013
- The NBU prolongs the effective dates of ‘90 day rule’ and mandatory sale of foreign currency
- Plans to simplify the procedures for obtaining work permits
- New Tax Treaty signed with Ireland
- Potential employment costs increase - USC in respect of accommodation provided to employees
- Documenting car usage expenses will become more simplified
- Recent changes in registration of foreign investments in Ukraine
- Tax treatment of “motivational” payments
- Application of VAT incentives for IT industry
- Special customs duties for imported vehicles
- Prime Minister suggests introducing VAT on imported drugs
- The 2005 Ukrainian classifier of economic activities will be effective till the end of 2013
- A new form of the Register of issued and received VAT invoices has come into force
- Kharkiv courts confirms ACT offset procedure
- Important changes in Russian law affecting Russian nationals working in Ukraine
- Taxpayers are entitled to offset CPT overpayments against ACT liabilities
- New rules for CPT advance payments
- Various amendments to the Tax Code
2012
- Unified document to confirm the state registration
- Customs authorities require guarantees for re-export
- President has signed the Budget Law for 2013
- Changes to the ‘Green’ Tariffs for Electric Power
- Securities: new rules for corporate profits tax
- Special tax on transactions with securities
- The Ukraine-Mexico Tax Treaty to come into force
- The moratorium for agricultural land sale was extended until 1 January 2016
- The NBU establishes the mandatory sale of foreign currency for individuals
- A threshold for the mandatory sale of foreign currency proceeds established by the NBU
- The NBU introduced ‘90-day rule’ and obliged exporters to sell foreign currency proceeds
- The State Tax Service Clarifies the Limited Deductibility of Engineering Fees paid to Non-Residents
- A New Tax Treaty with Cyprus Signed
- New Tax Benefits for Investors under PSAs
- The NBU may change ‘180-day rule’ and require exporters to sell foreign currency proceeds
- Positive Changes to the PSA law
- Restrictions on cash payments
- Electronic Visa for Cyprus
- Investment incentives for priority industries
- Visa update
- Court practice regarding losses carry forward
- A new law on employment becomes effective on 1 January 2013
- Clarification of the procedure for administrative appeals
- Transfer pricing agreements with the tax authorities
- Court confirms taxpayers’ right to carry forward losses
- Notaries are entitled to register the rights to real estate
- IT industry got limited tax incentives
- New Free Trade Agreement between Ukraine and CIS countries
- Control over PDP legislation
- Complaints regarding the rejection of customs clearance
- Tax losses allowed
- Energy issues
- Incentives for the IT industry
- Limitationson Losses Carry-Forward
- Connecting to Ukrainian electricity grids and the gas transportation system
- New tax incentives for the IT industry vetoed
- Law “On the Sea Ports of Ukraine”
- Increased liabilities for labor law violations
- Electronic customs declaration is permitted for all entities
- Royalties for oil and gas and payments for subsoil use
- New customs procedures – transitional period
- Financial guarantees during transit
- New procedure for the customs treatment of royalties
- New classifier for economic activities
- Changes in Cyprus tax law open up new planning opportunities
- Ukraine – EFTA Free trade agreement comes into force
- New Tax incentives for the IT industry
- The new Customs Code was published
- President has signed the new Customs Code
- New Law on NonGovernmental Organizations
- Customs post-audits
- Recent customs valuation issues
- Verkhovna Rada passes the new Customs Code
- Potential delays at customs clearance
- Customs imposes stricter control over the origin of goods
- Input VAT prorata rules
- VAT invoices in tax accounting
- Audits to be conducted by SCSU starting 1 April 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
