Tax and Legal Alert
View this page in: Ukrainian2016
05/04/16
The State Fiscal Service of Ukraine clarified the legal nature of bonuses paid to distributors
Previous years
Issue 73. 30 December 2014
- Parliament postpones introduction of VAT accounts until 1 February 2015 with an extended trial period
- Parliament adopts Law introducing tax compromise (amnesty)
- Parliament passes major changes in Transfer Pricing legislation
- Major changes likely for Transfer Pricing legislation
- NBU to pressure banks regarding payments to non-residents
- The NBU has prolonged currency control restrictions
- President signed several Decrees aimed at relocating courts from Lugansk and Donetsk regions
- Draft parliamentary coalition agreement states that electronic VAT accounts should be cancelled
- Further restrictions on utilisation of VAT refunds
- 2015 VAT refund rules have changed again
- New template for the VAT return is adopted
- The NBU cancelled certain restrictions for currency operations
- New electronic VAT systemis likely to have negative cash flow consequences
- Rules for electronic administration of VAT were adopted
- President signed laws aimed at fighting corruption
- TheMinistry of Justice has approved the procedure of state registration of commercial concession (franchise) agreements
- Companies will be obliged to disclose their ultimate beneficiaries
- Parliament adopts new legislation aimed at fighting corruption
- Ukraine has set up a procedure for moving goods between themainland of Ukraine and Crimea
- Payments for services abroad are restricted?
- Russia plans to restrict the preferential regime on themajority of Ukrainian imported goods
- Currency control restrictions
- The European Parliament and the Verkhovna Rada of Ukraine have ratified the Association Agreement
- The Law on Sanctions enters into force
- New list of medical products subject to 7% VAT is introduced
- The territorial jurisdiction for the cases which are considered by the courts in the ATO zone has been
- The National Bank of Ukraine has introduced a ban on offsetting receivables/payables in foreign currency
- Changes to the valuation of individuals’ assets for tax purposes
- The procedure for transferring materials after a tax audit to the tax police has been amended
- The NBU introduced 100% mandatory sale of currency proceeds
- 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
- The Law establishing a Free Economic Zone in Crimea was passed
- Interest income is now subject to 15% Personal Income Tax
- Indirect tax changes
- Certain CPT incentives to be abolished
- Individuals will pay Temporary Military Tax on personal income
- The Ministry of Revenues and Duties has expanded its interpretation of transfer pricing legislation
- New list of medical products subject to 7% VAT effective 1 July 2014
- Ukraine and the EU have signed the economic part of the Association Agreement
- Restriction on access to property registers in Donbas region
- Report on controlled transactions for the year 2013 is deferred to 1 October 2014
- Procedure on VAT bonds is approved
- VAT in Crimea reduced to 4%
- Report on controlled transactions for the year 2013 is deferred to 1 October 2014
- The Law On Occupied Territory came into force
- The list of medical goods subject to 7% VAT was approved by the Government
- Deadline for filing (optional) corporate profit tax returns!
- Report on controllable transactions for the year 2013 is expected to be deferred to 1 October 2014
- Crimean taxation: guidelines issued
- The Law On Occupied Territory was adopted by the Parliament of Ukraine
- Parliament adopts a new law that simplifies setting up a business in Ukraine
- EU temporarily removes/decreases customs duties on various Ukrainian goods
- Authorized exporter status for companies trading with EFTA countries and Montenegro
- VAT for pharmaceutical industry: recent amendments
- The Law “On renewal of trust to the judicial power in Ukraine”was adopted
- Vehicle utilisation fee and excise tax on reequipment of vehicles were cancelled
- VAT for pharmaceutical industry: recent developments
- Russian citizens limited in their stay in Ukraine
- VAT for pharmaceutical industry: practical issues
- Currency control limitations
- Pharmaceutical industry is subject to VAT
- Social guarantees for mobilised military personnel
- The Law“On prevention of financial collapse and creation of prerequisites for economic growth of Ukraine” was adopted
- VAT refund through VAT bonds
- Transfer pricing reporting may be postponed
- The Draft Law“On provision of rights and freedoms of citizens on the temporarily occupied territory of Ukraine” was adopted in the first reading
- Advance Corporate Tax and Foreign Exchange Losses
- The NBU introduced temporary restrictions for withdrawal of foreign currency
- New limitation of currency operations
- The law introducing the concept of “foreign agent-NGO” lost its legal force
- The lawintroducing the definition of an NGO that functions as a foreign agent came into force
- The form and procedure for reporting controlled transactions has been established
- Extension of the list of jurisdictions in the information exchange network
- CPT rate decreases while VAT rate remains the same
- The Cabinet of Ministers has issued the list of low-tax jurisdictions
- CPT rate decreases while VAT remains the same
- The Ministry of Revenues and Duties offers guidance on certain TP issues
- The Unified Register of Single Tax Payers will substitute certificates
- The deadline for submission of annual statutory financial statements has been extended from 9 to 28 February
- The new definition of a low tax jurisdiction is one step closer to coming into force
- Definition of low tax jurisdiction amended
- The Government has adopted a number of resolutions clarifying transfer pricing rules
- The Highest Administrative Court of Ukraine issued a clarification on disallowing sales below cost to related parties
- The old tax treaty with Cyprus will continue to apply till the end of the year
- Expansion on rule for mandatory sale of foreign currency proceeds
- Voluntary VAT registration will be simplified starting from 1 January 2014
- CPT and VAT rates are unlikely to decrease in 2014
- NBU restricts hard currency salaries for expatriates
- Procedure established for VAT refund through treasury bills
- The new Ukraine-Cyprus Tax Treaty Enters into Force
- Doing business and investing in Ukraine guide released for 2013
- New Tax Treaty signed with Malta
- The NBU’s restrictions on cash payments
- The President of Ukraine signed the Law introducing criminal liability of legal entities
- The vehicle utilisation fee law was officially published
- Companies are entitled to offset ACT on dividends against monthly advance tax instalments
- The president signed a law introducing VAT refunds through treasury bills
- The Cabinet of Ministers Plans to Sign Ukraine-Malta Double Tax Treaty
- The President of Ukraine signed the Law ratifying the new tax treaty with Cyprus
- VAT refunds through treasury bills
- Offset of monthly ACT with advance CPT on dividends is allowed
- New Work Permit procedure
- New Ukraine-Cyprus Tax Treaty
- VAT refund through treasury bills
- The Law on new transfer pricing rules passed
- Changes to VAT invoices
- The Parliament passed in the first reading the Draft Law on transfer pricing
- Decrease of the NBU refinancing rate
- Permits for outsourcing/provision of personnel
- Simplification of customs procedures
- 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
- 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
Contacts
-
Andrey Pronchenko
- Managing Partner at the Attorneys Association “PwC Legal”
- Tel: +380 44 354 0404
- Fax: +380 44 354 0790
