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February 3, 2015JSC General Meeting Quorum Reduced
On 13 January 2015 the Verkhovna Rada amended Article 41 of the Law of Ukraine “On Joint Stock Companies”, which specifies the size of a quorum when holding the general meeting of shareholders. From now on, the general meeting of…
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February 2, 2015Marketing of Drugs Before Their Expiration Date
On 23 January 2015 the Order of the Ministry of Health of Ukraine No. 954 «On Changes to the Procedure of Prohibition (Temporary Prohibition) and Renewal of Circulation of Drugs on the Territory of Ukraine» dated 12 December 2014 came…
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Tax Compromise Introduced
On 17 January 2015 the Law of Ukraine No. 63-VII «On Changes to the Tax Code of Ukraine in Respect of the Procedure for Adjustment of Corporate Income Tax and VAT Liabilities by Way of Tax Compromise» came into force….
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January 28, 2015New Rules for Transfer Pricing
On 1 January 2015 the Law adopted by the Verkhovna Rada came into force amending some provisions of the Tax Code of Ukraine with the aim of improvement of the transfer pricing tax control and elimination of controversies in previous…
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Information from the Register of Property Rights
The Cabinet of Ministers of Ukraine approved the Procedure on receipt of information from the State Register of Property Rights to Immovable Property. The Resolution of the Cabinet of Ministers of Ukraine «Some Aspects of Provision of Information on Registered…
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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 employment without employment agreements and for non-compliance with minimal state…
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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 Code of Ukraine (breach of tax payment rules). In order…
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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 3 November 2014 “On the Application of Certain Norms of…
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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 this purpose the resolution of the Board of the NBU…
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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, as well as the use of the Russian currency (RUB)….