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June 5, 2015Deadline for the submission of information on beneficiaries extended
Updated article on the subject: Obligation to update ultimate beneficiary data in Ukraine On 21 May 2015 the Verkhovna Rada of Ukraine adopted the Law “On Introduction of Amendments to…
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June 2, 2015Latest changes to tax law
Additional import duty is not applicable to gasoline In its letter dated 8 April 2015, the State Fiscal Service of Ukraine provided some clarifications in relation to goods subject to…
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May 27, 2015Latest changes to insolvency legislation
The Order of the Ministry of Justice of Ukraine in relation to the procedure for publication of information on the official website of the state authority on insolvency matters dated…
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May 27, 2015Advertising on foreign channels
On 14 May 2015, the Verkhovna Rada amended the law relating to broadcasting (transmission) of advertising in foreign programmes and shows. Amendments were made to the laws regulating advertising and…
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May 27, 2015VAT exemption of drugs and medical products
On 7 May 2015, the amendments to the Tax Code of Ukraine in relation to VAT exemption of drugs and medical products became effective. The amendments introduced temporary (until 31…
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May 10, 2015Electronic administration of VAT
From 1 January 2015 amendments to the Tax Code of Ukraine, introduced by, inter alia, the Law No. 71-VIII dated 28 December 2014, became effective. Among them particular attention should…
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May 7, 2015Terms for application of 7% VAT rate drugs
30 March 2015 the State Fiscal Service of Ukraine in its letter No. 6490/6/99-99-19-03-0275 clarified matters relating to VAT rate for transactions on supply and import of drugs into the…
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May 7, 2015Reduction of terms of immovable property registration
8 April 2015 the Cabinet of Ministers by virtue of its Resolution No. 190 reduced terms of immovable property registration in Ukraine to 3‑5 days. Thus, the state registration of ownership,…
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May 6, 2015Business facilitation
On 21 April 2015, the Verkhovna Rada of Ukraine adopted changes to the Tax Code of Ukraine. The Law was submitted to the President for signature and will come into…
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April 29, 2015Simplification of legal entity liquidation
On 7 April 2015 the Verkhovna Rada of Ukraine adopted the Law in relation to simplification of legal entity termination by way of merger, acquisition, spin-off or reorganization. Thus, the…