New VAT Refunding Mechanism

    09 02 2017

    Law of Ukraine No. 1797-VIII "On Amending the Tax Code of Ukraine for Improving the Investment Climate in Ukraine came into effect on 1 January 2017 and changed the VAT refunding procedure by introducing, inter alia, a Unified Public Register of Applications for VAT Refunding from the State Budget, instead of two registers that existed in 2016.

    New in taxes in 2017

    04 01 2017

    On 30 December 2016 the President of Ukraine signed the Law of Ukraine No. 5368, "On Amending the Tax Code of Ukraine (Regarding the Improvement of Investment Climate in Ukraine), which came into effect on 1 January 2017 (the "Law").

    Currency market of Ukraine: no Christmas gifts to be expected

    16 12 2016

    Today, on 16 December 2016, Resolution No. 410 enters into force, with which the National Bank of Ukraine (the NBU) has extended currency restrictions that were imposed back in September 2014. Actually, it means that the Ukrainians will have to live with currency restrictions they are already familiar with until the NBU recognizes that the banking system has reached a stable financial status.

    Ukraine officially joins BEPS project

    24 11 2016

    On November 22, 2016, the Minister of Finance of Ukraine handed an official letter on Ukraine’s accession to the BEPS (Base Erosion and Profit Shifting) plan to the Secretary-General of OECD. Being the final stage in the process of joining the project, Ukraine is to become a member of the Inclusive Framework on BEPS starting from January 01, 2017.