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April 1, 2015Decrease of quorum for general meeting in JSC
On 19 March 2015 the Verkhovna Rada amended the Law of Ukraine on joint stock companies. The amendments affected the quorum for general meetings of shareholders, the procedure for payment…
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March 31, 2015New law on licensing of economic activity
On 2 March 2015, the Verkhovna Rada adopted the Law of Ukraine on licensing which significantly simplified receipt of licenses, reduced the number of economic activities subject to licensing, established…
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March 31, 2015Military duty tax base expanded
Changes to the Tax Code of Ukraine, which were introduced on 2 March 2015, became effective on 13 March 2015. Tax base of the military duty was expanded. As of…
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March 25, 2015New currency control restrictions of the NBU
On 4 March 2015, the Resolution of the NBU «On stabilization of credit and currency control markets of Ukraine» No. 160 dated 3 March 2015 came into force, extending restrictions…
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March 9, 2015Feed-in Tariffs Reduced
On 31 January 2015, the National Commission for State Energy and Public Utilities Regulation (NCSEPUR) has reduced the legally established rates of the Feed-in Tariffs for business entities that produce…
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March 9, 2015Product Standardization – a Step towards EU
By the adoption of the Law of Ukraine on the technical regulations and conformity assessment procedures dated 15 February 2015, the Verkhovna Rada introduced a regulatory document that specifies elaboration,…
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March 8, 2015First Step towards Judicial Reform
On 12 February 2015, the Verkhovna Rada of Ukraine adopted the Law of Ukraine «On Ensuring the Right to a Fair Trial». This Law laid down the legal basis for…
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March 7, 2015Tax Exemptions for Defense Products
Starting from 1 March 2015 it is possible to import defense products into Ukraine without payment of import duty and VAT. Amendments to the Tax Code of Ukraine aimed at…
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March 6, 2015Additional Import Duty Introduced
The Resolution of Cabinet of Ministers of Ukraine on the completion of negotiations with international financial organizations dated 16 February 2015 became effective on 25 February 2015. Adoption and publication…
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February 27, 2015Control over advance payment under import contracts strengthened
The Resolution of the National Bank of Ukraine «On Peculiarities of Certain Currency Transactions» No. 124 dated 23 February 2015 came into force on 24 February 2015. The NBU imposed…