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Ukraine

3 Fastest-Growing Ukrainian Industries to invest in for 2017

17 Jan 2017

 Download PDF! Despite the difficult time for the Ukrainian economy, investors say that Ukraine has not lost its reputation in their eyes. Yes, we are still observing a falling economy, political instability and armed conflict, and as a result is a significant rate decline in the inflow of foreign capital investments in our country. However,

2017 Tax Calendar | Ukraine

5 Jan 2017

Download the Complete 2017 Calendar for Ukraine and keep an eye on the main obligations in Ukraine in order to avoid any penalties!   Download our Complete 2017 Tax Calendar for Ukraine!  Bonus! Download our Ready to Print A5 version of 2017 Tax Calendar for Ukraine!  

Good news! The Ukrainian export will develop faster than before

5 Jan 2017

  The President of Ukraine signed the Law № 1792-VIII «On provision of the large-scale export expansion of Ukrainian producers through insurance, guarantee and making cheaper the export credit.” Particularly, the document provides the establishment of the Export Credit Agency to encourage the export of Ukrainian goods (works, services). The Agency will develop insurance, reinsurance,

The impact of IT on improving business processes in Ukraine

29 Dec 2016

  Sole proprietors in Ukraine are able to close their businesses with the help of the state portal iGov. In order to pass the termination procedure is necessary to carry out a few simple steps: prepare a statement on the portal receive information regarding a prepared statement by the sole proprietor from the register The

Mediation – the way of the alternative solution of disputes in Ukraine

23 Dec 2016

  “Scire leges non hoc est verba earum tenere, sed vim ac potestatem”, literally means the following: “Knowledge of the laws is not understanding the words, but the understanding of the meaning”. There are two bills under consideration by the Verkhovna Rada (Ukrainian Parliament) “About Mediation» № 2480 from 27.03.2015 and bill № 3665 from 17.12.2015.

Changes to the foreign trade contracts in Ukraine | News Flash

16 Dec 2016

  As of January 4, 2017, FEA-contract can be concluded in written or electronic form, and for services – by adopting a public offer or invoice. It was established by the Act № 1724-VIII from  March 13, 2016,   with the title “On Amendments to some Laws of Ukraine regarding the elimination of administrative barriers to

The President of Ukraine signed the IT industry development Law | News Flash

8 Dec 2016

  The law brings a simplification of the conclusion of foreign trade agreements, as well as financial statements for exported services and abolishes exchange controls for operations with exports of services. The simplification does not target only the foreign trade field, but it is also a way to attract investors. The bill №4496 from 21.04.2016

Deregulation of business. Could be easier to do business in Ukraine in 2017?

2 Dec 2016

  Verkhovna Rada of Ukraine adopted the law about the moratorium for the government planned inspections of SMEs to 30.06.2017, namely the law “On peculiarities of State Supervision (Control) of economic activity” №3153. The adoption of the Act №3153 will reduce the pressure on businesses by the regulatory authorities. However, it should be noted that

The taxation of charitable assistance was settled in Ukraine | News Flash

24 Nov 2016

  During the meeting with representatives of the Ukrainian Council of Churches and Religious Organizations, the president signed the Law “On Amendments to the Tax Code of Ukraine concerning the clarification of certain provisions of the taxation of non-profit organizations.” This law allows the use of the income of non-profit religious organizations not only to

The “anti-raider” law came into force in Ukraine | News Flash

21 Nov 2016

  On November 2, the law number 1666-VIII “On amendments to some legislative acts of Ukraine concerning improvement of the state registration of rights to immovable property and property rights protection,” came into force, designed to eliminate raider schemes, the most widely used in the current year and related to facilitate the procedure of property

The position of the Supreme Court of Ukraine on the employment contract termination by the parties agreement

10 Nov 2016

  According to the paragraph 1 article 36 of the Labour Code, one of the reasons for employment contract termination is an agreement of the parties. Recently, the  Civil Cases chamber of the Supreme Court of Ukraine during the consideration of the case 10.26.2016  number 6-1269цс16 made the following legal conclusion: “By itself, the consent

The delivery process of Ukrainian organic products to the EU will be easier

4 Nov 2016

  During the past few years, Ukraine has become a reliable supplier of organic products in the EU, due to the quality of its products and competitiveness. The Ministry of Agrarian Policy assured that the work on further reduction of regulatory barriers for the import of Ukrainian organic products to the EU countries continues. One

Posting of employees in Ukraine | eBook

29 Oct 2016

UA-2016-10-24-Posting-of-employees-in-Ukraine-Overview-EN Employees can be posted abroad by a Ukrainian company, in the same way as they can be posted to Ukraine from a foreign company. The following eBook brings you towards information concerning minimum legislative requirements, obligations related to posting employees, also the working conditions. Subscribe to our newsletter for more regional updates!   More articles on the

Tax treatment after a capital reduction in Ukraine

27 Oct 2016

  The reduction of the authorized capital is an ordinary procedure for the legal entities. Generally speaking, the capital reduction is the process of decreasing a company´s shareholder equity through share cancellations and share repurchases. The reduction of capital is done by companies for numerous reasons including increasing shareholder value and producing a more efficient capital structure.

If you have submitted your Ukrainian tax reports late, you could expect a tax inspection

20 Oct 2016

  Unscheduled inspections may be held based on the decision taken by the head of the Supervisory authority in case of failure or late submission of tax reports. A number of reasons for this unscheduled inspection are specified in subsection 78.1 of the Tax code of Ukraine. (Hereinafter the “TCU”). Particularly, according to the paragraph

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