Published 11 June 2019. Some rules have changed since; ask us for the current position.
Sooner or later, every business reaches the point where it has to amend its charter (статут) and register the changes in the manner required by law. In particular, changes to the charter of a limited liability company (LLC, ТОВ) or a company of any other legal form must be registered when:
its types of activity change or expand;
its founders change;
its share capital changes or the members' shares in it are redistributed.
In…
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The steady growth of Ukraine's economy and its gradual integration into international business processes are giving rise to entirely new ways of doing business. Manufacturers compete constantly with entrepreneurs who fill the market with imported goods, so cutting the production cost of domestic products, which can attract more buyers, becomes a pressing issue. This calls for a more rational and careful use of the company's resources and a gradual reduction in costs.
The role of accounting in a company's success
In day-to-day operations, documentary…
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Published 9 March 2017. Some rules have changed since; ask us for the current position.
Article 149 of the Labour Code of Ukraine (Кодекс законів про працю України, KZpP) does not apply to this dispute.
A contract is a special form of employment agreement. The parties may agree on its term, their rights, duties and liability (including financial liability), the employee's pay and working arrangements, and the grounds for terminating the agreement, including early termination.
Grounds set out in the contract are a separate ground for terminating…
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Published 10 February 2017. Some rules have changed since; ask us for the current position.
What is driving this? International business "operations" keep growing in scale. That is why international bodies, such as anti-money laundering (AML) organisations, are raising their transparency requirements for international business. The era of classic offshore jurisdictions is passing.
Companies now have to follow the current OECD standards and adjust the way they keep their accounts. To meet the current requirements, tax authorities are doing everything they…
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Published 1 June 2016. Some rules have changed since; ask us for the current position.
Based on its 2015 results, a company fell under the controlled transactions rules: its total income exceeded UAH 50 million, and it bought goods from non-resident suppliers registered in an offshore jurisdiction (the Marshall Islands). The company filed its controlled transactions report by 1 May. In its 2015 corporate income tax return, it increased the financial result by 30% of the cost of the goods bought from offshore suppliers. Can the company file an amended return…
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