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August 25, 2016‘Single window’ regime launched at customs
On 1 August 2016, the Resolution of the Cabinet of Ministers of Ukraine No. 364 dated 25 May 2016 which deals with the ‘single window’ principle for customs, sanitary, epidemiological,…
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August 24, 2016Certain changes to currency regulation
Following significant easement of currency regulation established by the National Bank of Ukraine (the NBU) in its Resolution No. 342 “On stabilization of credit and currency control markets of Ukraine”,…
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August 23, 2016Calculation of income tax for permanent representative offices
On 27 July 2016, the Order of the Ministry of Finance No. 544 dated 13 June 2016 concerning the Procedure for calculation of income tax of non-residents which have permanent…
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July 1, 2016How to avoid sanctions for breach of terms of settlements in foreign currency
Many Ukrainian companies actively import goods and services. Frequently, their foreign counterparties require prepayment for delivered goods or rendered services. Therefore, it is worth remembering that prepayment in favour of…
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July 1, 2016Verkhovna Rada abolished registration of foreign investment
On 31 May 2016, the Verkhovna Rada of Ukraine adopted the Law on abolition of mandatory state registration of foreign investment, which become effective on 25 June 2016. The purpose…
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June 30, 2016Privatization. Attraction of foreign investors
The long announced plans of Ukraine in relation to massive privatization are being gradually implemented. The importance of privatization is backed by the need, on the one hand, to fulfill…
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June 29, 2016Easement of currency restrictions
On 7 June 2016, the National Bank of Ukraine (the NBU) adopted its Resolution No. 342 “On stabilization of credit and currency control markets of Ukraine”, which significantly eased some…
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June 28, 2016Private enforcement officers to be introduced in Ukraine
On 2 June 2016, the Verkhovna Rada adopted the Law “On authorities and officers which enforce court judgments and decisions of other authorities”, which introduced a mixed system of enforcement…
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June 13, 2016DLF attorneys-at-law obtained approval for concentration
On 15 April 2016, DLF attorneys-at-law successfully obtained approval for economic concentration (M&A) for a transaction, which encompassed acquisition of banking assets of the European banking and insurance group by…
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June 13, 2016Peculiarities of taxation of abroad employment intermediaries
In its letter No. 8923/6/99-99-19-03-02-15 dated 20 April 2016 the State Fiscal Service of Ukraine clarified peculiarities of taxation of abroad employment intermediaries. Thus, the procedure for VAT taxation of…