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January 27, 2015Legalization of shadow wages
The Law of Ukraine No. 77-VIII dated 28 December 2014 introduced several amendments aimed at stimulation of unshadowing wages and increase of liability for breach of the labour legislation regarding…
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December 25, 2014Liability for Breach of Tax Payment Terms
In its Letter No. 1602/11/10/14-14 dated 18 November 2014 the High Administrative Court of Ukraine (the HACU) provided clarifications regarding implementation of clause 126.1 of Article 126 of the Tax…
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December 23, 2014Changes in Currency Legislation
On 16 December 2014, the National Bank of Ukraine by means of the Resolution No. 810 made a number of important changes to its already adopted Resolution No. 699 dated…
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December 19, 2014Currency Restrictions Prolonged
On 1 December 2014 the National Bank of Ukraine (the NBU) resolved to prolong a number of administrative measures regulating the currency market of Ukraine for another three months. For…
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November 6, 2014NBU restrictions on Crimea and Russian currency
In its Regulation No. 699 of November 3, 2014 (effective as of November 5, 2014) the National Bank of Ukraine has established certain restrictions on investment activity in the Crimea,…
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November 4, 2014Restrictions on the foreign exchange market relaxed
The National Bank of Ukraine’s Regulation No. 685 (hereinafter, the Regulation) dated October 30, 2014 came into effect on November 3, 2014. This relaxes the requirements on the Ukrainian foreign…
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October 30, 2014Company stamps and registration fees abolished
The Law of Ukraine “On Amendments to Certain Legal Acts of Ukraine on Simplifying the Procedures for Company Formations” (hereinafter, the Law) came into effect on October 30, 2014. The…
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October 1, 2014Disclosure of information on final beneficiaries
Updated article on the subject: Obligation to update ultimate beneficiary data in Ukraine The Ukrainian Law “On Amendments to Several Legislative Acts Regarding Determining Ultimate Beneficiaries of Legal Persons and…
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October 1, 2014NBU tightens control on foreign currency transactions
On September 23, Regulation No. 591 by the NBU (National Bank of Ukraine) “On Amendments to Certain Regulations of the National Bank of Ukraine” (hereinafter, the Regulation) came into effect….