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October 1, 2015Increase of minimum wage
Pursuant to the Law of Ukraine on changes to the state budget for 2015 dated 17 September 2015, as of 1 September 2015 the minimum wage increased to UAH 1378 (approx. USD 64) per month. In addition, the Law also…
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Updated NBU’s restrictions on the currency market
On 4 September 2015, the Resolution of the National Bank of Ukraine “On stabilization of credit and currency control markets of Ukraine” No. 581 dated 3 September 2015 came into force, extending restrictions on currency market until 4 December 2015….
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September 30, 2015Adoption of the law on electronic commerce
On 3 September 2015, the Verkhovna Rada adopted the Law of Ukraine “On Electronic Commerce” which is bound to regulate online commerce and trade over the Internet as well as use of electronic money. The Law became effective on 30…
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Procedure for temporary stay of foreigners on the territory of Ukraine approved
On 8 September 2015, the Order of the Ministry of Internal Affairs of Ukraine No. 884 dated 20 July 2015 “On approval of the Procedure of calculation of term for temporary stay of foreigners in Ukraine who are the citizens…
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September 27, 2015Ensuring transparency of media ownership
On 3 September 2015, the Verkhovna Rada of Ukraine adopted the Law on changes in relation to ensuring transparency of media ownership and realization of principles of state policy in the areas of television and radio. The Law becomes effective…
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September 10, 2015Newsletter, August 2015
CURRENCY LEGISLATION DISPUTE RESOLUTION PHARMACEUTICALS REAL ESTATE RENEWABLE ENERGY TAX LAW
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September 3, 2015Registration of medicinal products procured by the specialized organization
The Cabinet of Ministers by virtue of its Resolution No. 597 dated 12 August 2015 amended the Procedure for state registration (Re-registration) of medicinal products. The changes became effective on 1 September 2015 and are valid until 31 March 2019….
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Anerkennung und Vollstreckung von deutschen Urteilen in der Ukraine
Nach den Regeln des allgemeinen Völkerrechts, insbesondere dem Prinzip der territorialen Integrität, ist grundsätzlich kein Staat verpflichtet, die Entscheidungen von Gerichten anderer Staaten auf seinem Territorium zu beachten oder sogar zu vollstrecken. Eine völkerrechtliche Pflicht zur Anerkennung und Vollstreckung des…
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September 2, 2015Clarification for transfer pricing rules
On 13 August 2015, the Law on changes to the Tax Code of Ukraine in relation to transfer pricing dated 15 July 2015, which provides for improvement of transfer pricing rules in Ukraine, came into force. Changes to the Tax…
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Introduction of additional measures to prevent capital outflow
On 20 August 2015, the National Bank of Ukraine adopted the Resolution No. 551, which amended its Resolution No. 354 dated 3 June 2015. The amendments are aimed at introduction of additional measures to prevent capital outflow. Thus, the National…