On February 6, 2018 the Law “On Limited and Additional Liability Companies” (“Law”) was adopted by the Verkhovna Rada of Ukraine. On February 20, 2018 the Law has been forwarded to the President for signature. It will enter into force…
Ukraine has recently announced the plan to start an automatic exchange of information on financial accounts under the international Common Reporting Standard as of 2020, pertaining to data relating to 2019. This decision will affect businessmen wishing to protect their…
Ukraine is planning to commence with an automatic exchange of information on financial accounts of non-residents under the international Common Reporting Standard as early as 2020, according to statements of the press service of the Cabinet of Ministers of Ukraine…
The Ukraine-EU relations have recently reached a new milestone following an ongoing trend of positive developments. After long negotiations and numerous delays, on May 17, 2017, Ukraine and the EU finally signed a legislative act granting an EU visa-free regime…
The Parliament of Ukraine has decreased the personal income tax rate from 18% to 9% under certain conditions. It is expected that the law – adopted on 23rd March 2017 – will be applicable retroactively from 1 January 2017 for…
The National Bank of Ukraine has recently announced some changes in currency control rules. The changes were approved by the National Bank of Ukraine on February 23, 2017 and took effect from 25 February 2017. The National Bank adopted the…
On 14 July 2016, the Ukrainian Parliament adopted the Law of Ukraine “On Financial Restructuring” No. 1414-VIII (the “Law”) which, based on its transitional provisions, entered into force on 19 October 2016 and will remain valid for 3 years as…
The wide-spread use of the Internet, the development of digital technologies and online payment systems, as well as the increased e-documents turnover all facilitate the rapid growth of the e-commerce market in Ukraine. Entities introduce e-solutions into their businesses in…
On January 26th, the Ukrainian Parliament passed the Draft Law No. 2168a Ukraine “On Introducing Changes to the Law of Ukraine “On the Protection of Economic Competition” Regarding Improvement of the Efficiency of Merger Control System” introducing some highly anticipated…
Ukraine | February 2016 | On January 12th, 2016 amendments to the procedure according to which taxpayers appeal tax assessments came into force. The amendments were approved by the Order of the Ministry of Finance No. 916 dated October 21st,…