Newsletters

Employers can now receive compensation for salaries paid to conscripted employees

26 Mar 2015

On March 17, 2015 a long-awaited procedure became effective, finally allowing employers to claim compensation for salaries paid to employees that were mobilized but continue to receive an average income for the period of conscription...

Currency Market of Ukraine: new stabilization measures from NBU

19 Mar 2015

Until June 3, 2015 currency restriction mode imposed almost six months ago by the Resolutions of the National Bank of Ukraine (hereinafter - the "NBU") №540 dated August 29, 2014 and №758 dated December 01, 2014, which are not effective as of today, will continue to operate...

What is Tax Compromise?

05 Mar 2015

The tax compromise is a regime of exemption of taxpayers and/or their officials from legal liability, which applies within the statute of limitations (1,095 days) to legal relations that arose prior to April 1, 2014.

Currency Limitations For Ukrainian Importers

25 Feb 2015

On February 23, the next day after its announcement and publication by the National bank of Ukraine (the “NBU”), the Resolution No. 124 “On Peculiarities of Performing Certain Foreign Currency Transactions” came into effect,which introduced a number of foreign exchange restrictions for Ukrainian importers.

Hiring Foreign Workers Simplified

19 Feb 2015

On February 11, 2015 a new regulation of the Cabinet of Ministers of Ukraine (the “Regulation”) came into effect, easing rules on hiring foreign workers and also deregulating energy, agriculture and food & beverage sectors.

Franchising: Parliament Has Simplified Conditions For Conducting Business

16 Feb 2015

This information will be useful both for all companies that are already developing their own franchise networks and for entrepreneurs who are just planning to acquire a set of rights and become a franchisee.

Homes for refugees from ATO zones

21 Jan 2015

The Law of Ukraine “On Safeguarding the Rights and Freedoms of Internally Displaced Persons” entered into effect on November 22, 2014, and Ukrainian citizens now have the right to protection against forced internal displacement or forced return to their abandoned homes and are now in critical need of new homes.

New Fines And Tax Breaks Adopted To Combat Shadow Employment

21 Jan 2015

On January 1, 2015, a new law (the "Law") became effective, aimed at combating shadow employment through the adoption of new fines, tax breaks and hiring procedure restrictions.

Audits by Controlling Authorities in 2015

19 Jan 2015

Law of Ukraine No. 71-VIII “On Amendments to the Tax Code of Ukraine and Some Other Ukrainian Laws Concerning Tax Reform” dated December 28, 2014 (the “Law”) came into force on January 1, 2015. Among other things, this Law imposes certain restrictions on audits to be performed by controlling authorities in 2015 and 2016.

The Shareholders Get the Right of Immediate Firing of CEO

20 Jun 2014

The recently adopted Law No. 1255-VII, which came into force on June 01, 2014, introduced a new level of corporate security for shareholders in Ukraine and provided them with additional instruments of corporate control (for Ius Laboris newsletter, June 2014)