Cancellation of Certificate on absence of currency valuables in Ukraine (Tax & Fiscal Alert)
Good news for the entities engaged in foreign economic activity: Certificate on absence of currency valuables and property outside of Ukraine is cancelled.
The Ministry of Revenue and Duties of Ukraine together with the National Bank of Ukraine cancelled their (joint with the State Customs Service of Ukraine) letter on filing Declaration on currency valuables, income and property which specifies the procedure of registration and obtaining of the Certificate on absence of currency valuables, income and property outside Ukraine.
The Certificate was required for customs clearance of goods (export-import operations), bank transactions with currency valuables and other operations in foreign economic activity.
Joint letter of the Ministry of Revenue and the National Bank of Ukraine № 22-394/7/99-99-22-03-01-17 and № 28-311/19777 of 28.10.2013 came into force on the date of its registration in the Ministry of Justice (October 28, 2013).
The Ministry of Revenue has not decided yet which documents would substitute this Certificate, however the fact of cancellation of such document will have positive impact on all entities engaged in foreign economic activity (in particular, reducing the pressure and use of “administrative leverage” employed by the Ministry of Revenue on the companies when obtaining the said Certificate.