Published 2 February 2017. Some rules have changed since; ask us for the current position.
The new year brought plenty of new laws that have come into force and affect individuals, and not only them.
Today we look at important changes to how tax audits of businesses are carried out. The key provision is in point 6.
1. The audit schedule is now public
The official website of the State Fiscal Service (SFS, Державна фіскальна служба) will now publish information that used to be kept out of sight. This should ease the pressure on businesses and…
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Published 30 January 2017. Some rules have changed since; ask us for the current position.
These are the rules to follow when working with a cash register (RRO, реєстратор розрахункових операцій).
Entrepreneurs often have to register a cash register. But how do you use it? And the fines are high… It is straightforward if you follow the right routine.
Start of the working day (shift):
Switch on the cash register.
Check the date and time settings.
Check that there is control tape and receipt…
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Published 27 January 2017. Some rules have changed since; ask us for the current position.
The Ministry of Finance of Ukraine has published a draft order "On approving Amendments to the Regulation on documentary support for accounting entries" (Положення про документальне забезпечення записів у бухгалтерському обліку).
The order is intended to bring the Regulation on documentary support for accounting entries, approved by Ministry of Finance Order No. 88 of 24 May 1995, into line with Law of Ukraine No. 1724-VIII of 3 November 2016 "On amending certain laws of Ukraine…
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Published 26 January 2017. Some rules have changed since; ask us for the current position.
At the end of December 2016, amendments to the Tax Code of Ukraine (Податковий кодекс України) changed the transfer pricing (TP) rules that apply to cross-border transactions for tax purposes.
A controlled transaction now affects the taxable base. The following foreign trade transactions were added to the list of controlled transactions:
purchases and sales of services through non-resident commission agents;
transactions…
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Published 24 January 2017. Some rules have changed since; ask us for the current position.
An interview with Rostyslav Kulish, managing partner of Key Solutions.
Key points from the interview.
1. Take a look at group 1 of the simplified tax system for sole proprietors (ФОП). It includes activities suited to entrepreneurs in retail trade, and the tax rate is lower.2. For people who are just starting out in business and are unsure whether they will have any income, the advice is this: if you see no point in paying the unified social…
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