When tax audit shall be executed? Explanation of Tax Department

Tax Administration in letter dated 21.06.2011 № 17197/7/15-0617 described the features of the cameral tax inspection and provided the approximate form of the Act on the results of such tax audit. Apart form the inspection report, the value of the letter is to determine the timing of the cameral tax inspection. Tax declaration which shall be submitted monthly, may be checked within 30 calendar days after the deadline for their submission or receipt of tax declarations filed in violation of the deadlines. Tax declaration which shall be submitted [Read more]

IT-servicing companies will pay VAT

President of Ukraine signed the Law on Amendments to the Tax Code of Ukraine and the rate of export (export) duties on certain cereals, which includes repayment of VAT [Read more]

Lending to Ukrainian companies

Loans from non-residents  to Ukrainian companies

Reliable way for Ukrainian companies to attract additional funds with a small interest rate when banks do not issue credits or issue with draconian rate – is a loan from non-residents.

When drafting loan agreement, please note that National Bank of Ukraine (hereinafter – NBU) in its decision from 8.3.2004 № 363 “On the interest rate on external borrowings resident”  defined   maximum interest rate (for fixed interest rate): [Read more]

The President has approved the Ukrainian Concept of Migration Policy

Presidential Decree of May 30, 2011 № 622/2011 approved the concept of state migration policy.

Concept identified areas, the strategic tasks of national migration policies, principles and priorities of government agencies in this field, the direction of improvement and its legislative and institutional support and mechanisms for implementation of the concept. [Read more]