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New Labour Audits Procedure

24 05 2017

On May 16, 2017, the Resolution of the Cabinet of Ministers of Ukraine “Certain issues concerning implementation of Article 259 of the Labour Code of Ukraine and Article 34 of the Law of Ukraine “On Municipal Self-Government in Ukraine” of April 26, 2017, No. 295[1] (the “Resolution”), came into force. The Resolution significantly changes existing rules for labour audits.

Legal Updates of Labour & Employment Practice (Q1, 2017)

19 04 2017

Legal updates on recent draft legal acts, legislative developments and clarifications as well as significant court decisions in labor and employment in Ukraine

Ukraine Ratifies the Convention on the Avoidance of Double Taxation with Luxembourg

16 03 2017

On 13 March 2017, the Parliament of Ukraine ratified the Convention between the Government of Ukraine and the Government of the Grand Duchy of Luxembourg for avoidance of double taxation and prevention of tax evasion regarding taxes on income and on capital.

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.

AMCU recommends banks to agree with clients changes to bank statements prices

03 02 2017

On 31 January 2017, the Antimonopoly Committee of Ukraine decided to issue recommendations to 23 banking institutions, among which are the most systematically important banks of Ukraine.

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").

Legal Updates of Labour & Employment Practice (Q4, 2016)

16 12 2016

Legal updates on recent draft legal acts, legislative developments and clarifications as well as significant court decisions in labor and employment in Ukraine

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.

Registration Procedures to Change for Illegal Takeovers Prevention

13 10 2016

On 6 October 2016, the Parliament adopted the Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine to Improve State Registration of Rights to Real Estate and Protection of Property Right".