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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 27 April 2015 became effective on 15 May 2015. Provisions…
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Advertising 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 TV and radio broadcasting in relation to placement of adverts…
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VAT 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 March 2019) VAT exemption for import and first supply of…
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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 be given to establishment of the Unified Register of Tax…
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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 territory of Ukraine. It was stated that in order to…
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Reduction 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, if carried out by issuance of ownership certificate to immovable…
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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 force the next day after its publication. Thus, the tacit…
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Newsletter, April 2015
CORPORATE LAW DOING BUSINESS REAL ESTATE TAX LAW
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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 Law established that the state registrar is entitled to leave…
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April 28, 2015Strengthening the protection of investors’ rights
On 7 April 2015 the Verkhovna Rada adopted changes in certain acts relating to the protection of investors’ rights. Provisions of the Law are aimed at strengthening the level of protection of investors’ rights. Thus, the Law envisages the right…