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March 27, 2020Emergency Situation Regime in Ukraine
On 25 March 2020, the Cabinet of Ministers of Ukraine resolved at its meeting to introduce the emergency situation regime throughout the country for 30 days. The emergency situation regime involves informing the population, creating an organizational structure, coordinating the…
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March 26, 2020Obtaining the Force Majeure Certificate
On 23 March 2020, taking into account the situation, in which many companies found themselves in Ukraine, and the quarantine, introduced by the Cabinet of Ministers of Ukraine, the Chamber of Commerce and Industry of Ukraine has simplified the procedure…
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March 25, 2020COVID-19: Abolition of Import Duty and Import VAT on Certain Medicines and Medical Equipment
On March 20, 2020, the Cabinet of Ministers of Ukraine approved by its Decree No. 224 dated March 20, 2020, the list of medicines, medical devices and equipment necessary to prevent the emergence and spread of coronavirus disease (COVID-19) to…
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Labour Relations at the Time of Quarantine
Since 12 March 2020, quarantine has been introduced throughout Ukraine to combat COVID-19. It will last for three weeks (it is quite possible that the quarantine will be extended) and will significantly affect the activities of most business entities. Currently,…
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March 24, 2020Business Tax Relief in Ukraine due to COVID-19 outbreak
On 18 March 2020, the Law On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Taxpayers Support for the Period of Measures to Prevent the Occurrence and Spread of Coronavirus Disease (COVID-19) came into force…
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February 24, 2020How can a foreigner buy real estate in Ukraine?
1. The procedure of real estate acquisition Rights of foreign nationals to acquire real estate in Ukraine The Ukrainian legislation ensures that foreigners exercise all rights and freedoms as well as obligations under the same conditions as Ukrainian citizens (subject…
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February 13, 2020Tax system of Ukraine: VAT, single social contribution and property tax
Value-added tax in Ukraine The value-added tax (VAT) rate is 20%. For pharmaceutical products, the VAT rate is 7%. It should be noted that 0% VAT rate is applied to export of goods in the customs regime from the territory…
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February 1, 2020Legal Alert | Law of Ukraine on Concession
CONSESSION INITIATION, CONCESSIONAIRE SELECTION CONSESSION TENDER, COMPETITIVE DIALOGUE CONSESSION FOR STATE PROPERTY LEASE CONSESSION AGREEMENT LAND PLOTS FOR CONSESSION STATE SUPPORT
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January 27, 2020Tax system of Ukraine: corporate income tax and simplified tax system
One of the most important aspects that foreign investors focus on when considering Ukraine as a place for doing business, despite the economic situation in the country, is taxation. It is the amount of tax payments, as well as the…
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January 12, 2020New Law of Ukraine On Concession
On 20 October 2019, the Law of Ukraine On Concession as of 3 October 2019 (hereinafter referred to as the Law) came into force. The adoption of the law allows to balance interests of all concession participants. On the one…