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The issue of official confirmation of a tax resident status in Ukraine is important for many Ukrainians who were forced to flee abroad due to the war, but remain tax residents of Ukraine in 2022.
The Law of Ukraine No. 8045 dated 3 November 2022 (the “Law”) introducing a number of amendments to the Tax Code of Ukraine (the “TCU”) came into effect on 25 November.
We bring attention to AML-obliged entities on the following important changes in the AML-legislation.
The State Tax Service of Ukraine has recently announced that Ukraine joined the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports on 3 November 2022. This step will enable the local tax authorities to automatically exchange Country-by-Country reports prepared by multinational...
On 8 November 2022, the Cabinet of Ministers of Ukraine approved a resolution that provides for the exemption from VAT and import duty for import operations and further supply of goods which are important for the heating season completion, as noted by the Prime Minister Denys Shmyhal in his speech at the Government...
On 23 September 2022, the Ministry of Finance of Ukraine approved Order 296 on Amendment of the Regulation on Completion of Customs Declarations Using Single Administrative Document Forms (the “Order”).
October has been marked by another important legislative development. In particular, on 15 October 2022, the Law of Ukraine On Amendments to Certain Laws of Ukraine Regarding Employment of Foreigners and Stateless Persons in Ukraine and Provision of Intermediary Services in Employment Abroad №2623-IX dated 21 September...
The Government has approved a Draft Law №7737 dated 5 September 2022 aimed at bringing the Customs tariff of Ukraine in line with requirements of the International Convention on the Harmonised Commodity Description and Coding System.
The Law of Ukraine on Amending the Customs Code of Ukraine regarding some issues of implementation of Chapter 5 of Section IV of the Association Agreement between Ukraine, on the one hand, and the European Union, the European Atomic Energy Community and their member states, on the other hand became effective on 15...
The Law of Ukraine "On Amendment of Certain Legislative Acts of Ukraine Regarding the Optimisation of Labour Relations" No 2352-ІХ dated 01 July 2022 (the "Law") came into effect on 19 July 2022.
On June 21, 2022, the Parliament of Ukraine adopted the Draft Law on Amendments to the Tax Code of Ukraine and Other Legislative Acts of Ukraine Concerning the Revision of Certain Tax Privileges No. 7418 dated May 30, 2022 (hereinafter – the "Law"). The Law abolishes some privileges for the import of goods, which were...
The EU has temporarily lifted trade restrictions on the goods from Ukrainian producers. To support Ukrainian exporters in the EU, Regulation 2022/870 of 30 May 2022 on the opening of the European market for goods originating from Ukraine was adopted.
On May 12, 2022 the Parliament of Ukraine passed a law (draft law № 7360 dated May 10, 2022, hereinafter - the "Law"), which prescribes further changes to the tax legislation in connection with introduction of martial law. In particular, the Law repeals some amendments previously implemented under the martial law.
On 12 May, 2022, Ukrainian Parliament passed the Law of Ukraine on Amendment of Certain Laws of Ukraine Regarding the Priority Steps to Reform the Urban Planning Area, draft law registration number 7282.
On April 16, 2022, the Law of Ukraine came into force (draft law No. 7234). The Law further clarifies changes in tax rules and customs formalities, which were introduced in connection with martial law. Below we describe the main aspects of this Law.
In February Ukraine came one step closer to legalizing virtual assets (including cryptocurrency) by adopting the Law on Virtual Assets. According to the most optimistic forecasts, the market of virtual assets in Ukraine may be fully operational as early as from October 1, 2022, after the adoption of relevant...
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The Law of Ukraine “On Stimulating the Development of the Digital Economy in Ukraine”, which entered into force on 14 August 2021, provides for the creation of a special legal regime called “Diia City”.
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On 30 November 2021 the Verkhovna Rada of Ukraine adopted in the second reading the draft law of Ukraine No. 5600 “On Amendments to the Tax Code of Ukraine and certain legislative acts of Ukraine to ensure balanced budget revenues”.
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On 30 November 2021 the Verkhovna Rada of Ukraine adopted in the second reading the draft law of Ukraine No. 5600 “On Amendments to the Tax Code of Ukraine and certain legislative acts of Ukraine to ensure balanced budget revenues”.
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On 8 September 2021 Ukraine’s parliament ratified the Protocol amending the Double Tax Treaty between Ukraine and the United Arab Emirates.
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Did your business face workflow and document management issues during the pandemic? Or would you like to simplify paperwork and reduce time? We recommend that you consider migrating to electronic workflow (EWF) and the use of electronic signature.
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This obligation is established by the Order of the Ministry of Finance of Ukraine №561 of 15.09.2020 "On approval of Amendments to the Procedure for providing documents of a large taxpayer in electronic form during a documentary audit" (hereinafter – "Order №561"), which enters into force today, August 27, 2021.
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The Law of Ukraine "On Stimulating the Development of the Digital Economy in Ukraine" takes effect and provides for the creation of a special regime called Diia City.
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The National Bank of Ukraine has taken the decision to gradually abolish the requirement for businesses to purchase foreign currency only under liabilities.
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In July 2021, the Ministry of Economy of Ukraine and the State Labour Service of Ukraine co-launched an e-service to register the declarations of compliance of companies’ material and technical resources with the requirements of labour safety law via the Ministry’s eService Portal.
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Monitoring procedure for authorised economic operators (AEO) has been implemented since 7 July 2021
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The G7 Finance Ministers announced an agreement on June 5, in which the participating countries committed to new taxing rights that allow countries to reallocate some portion of profits of large multinational companies to markets.
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On July 1, 2021, the Verkhovna Rada of Ukraine adopted a draft Law which partially abolished the reduced rate of 14% VAT for some agricultural products introduced on March 1, 2021.
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On 15 June 2021 Ukraine’s parliament ratified the Protocol amending the Double Tax Treaty between Ukraine and the Netherlands.
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A new law revolutionising the regulation related to maintaining the records of employment came into effect on 10 June 2021
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On 15 June 2021 the VR voted in the second reading in favor of Draft law №51531 on the amnesty of capitals.
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We would like to inform you that new form of the ownership structure of legal entities has already been adopted and published by the Ukrainian government. The relevant regulation comes into force on 11 July 2021.
Oleksiy Katasonov
Partner, Leader, Tax, Legal & People services, PwC in Ukraine
Tel: +380 44 354 0404
