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Tax & Legal Alerts

2017

Advance pricing agreements in Ukraine

According to the transfer pricing rules adopted nearly four years ago, taxpayers may enter into advance pricing agreements ("APA") with the tax authorities. However, so far no APA has been entered into in Ukraine. This is expected to change in the near future – and that is why we would like to bring the following information to your attention.

14 June 2017

New labor inspection procedure

On 26 April 2017, the Cabinet of Ministers of Ukraine adopted Resolution No. 295 “Some issues of implementation of Article 259 of the Code of Labor Laws of Ukraine and Article 34 of the Law of Ukraine “On local government in Ukraine” (hereinafter, Resolution No. 295) that approves a new procedure for the state control and supervision of labor laws compliance.

16 May 2017

Ukrainian Parliament voted for ratification of the Double Tax Treaty with Republic Malta

On 13 April 2017 the Verkhovna Rada of Ukraine adopted the Law “On ratification of the Convention Between the Government of Ukraine and the Government of the Republic of Malta for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and the Protocol to it”.

14 April 2017

The National Bank continues FX liberalization

The National Bank of Ukraine moves ahead with gradual easing of temporary FX restrictions.
The respective measures to ease restrictions are approved by NBU Board Resolution No. 30 of 4 April 2017 On Amendments to NBU Board Resolution No. 410 of 13 December 2016. The amendments shall take effect from 5 April 2017.

 

5 April 2017

Corporate governance improvement and abolishment of seals

On 23 March 2017, the Ukrainian Parliament adopted a number of laws that are of importance to business, in particular, the Law “On amending certain legislative acts of Ukraine regarding corporate agreements” (Draft Law No.4470) and the Law “On amending certain legislative acts of Ukraine on the use of seals by legal entities and individual entrepreneurs (Draft Law No. 4194). Main legislative changes are described in detail below.

 

28 March 2017

NBU eased foreign transactions for the Ukrainians

The National Bank of Ukraine has revised the principles of licensing of the individuals’ transactions that involve placing funds into foreign accounts and making investments abroad.

9 March 2017

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