Published 13 October 2016. Some rules have changed since; ask us for the current position.
Dear colleagues,
On 29 September 2016, the tax committee of the Ukrainian Chamber of Commerce and Industry (ТПП) held a round table on the bill to improve the tax system. Participants included representatives of Parliament (MP Oleksandr Kirsh), the Ministry of Finance (adviser to the Minister Yana Buhrimova) and Rostyslav Kulish, head of the audit firm Key Solutions.
We support most of the bill's initiatives, for the reasons…
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Published 16 August 2016. Some rules have changed since; ask us for the current position.
In its letter No. 04-27/10-465 of 10 May 2016, the Verkhovna Rada Committee on Tax and Customs Policy set out its own position on reducing the pre-tax financial result by the amount of dividend income (subparagraph 140.4.1 of the Tax Code of Ukraine, Податковий кодекс України).
In the committee's view, a corporate income tax payer that receives dividends may apply this adjustment and reduce its pre-tax financial result by the dividend income accrued from any corporate income tax payer.
The…
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Published 27 June 2016. Some rules have changed since; ask us for the current position.
The law reforms corporate governance at state-owned companies.
Law No. 1405-VIII of 2 June 2016 "On Amendments to Certain Legislative Acts of Ukraine on the Management of State and Municipal Property" (Про внесення змін до деяких законодавчих актів України щодо управління об'єктами державної та комунальної власності) came into force on 25 June.
It brings corporate governance at state-owned companies into line with OECD standards. It sets requirements for establishing and running…
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Businesses regularly have to deal with a wide range of institutions, and the reasons are rarely pleasant: late filing of documents or reports, or failure to meet an official's requirements.
Where qualified help is most often needed:
tax and customs authorities;
competition authorities and the enforcement service;
central and local government bodies;
law enforcement agencies;
banks.
What the service includes:
comprehensive advice to the client on approaching and working with government officials;
preparation…
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A noticeable share of Ukrainian businesses operate fully or partly in the shadow economy. Most of the shadow sector consists of micro and small businesses.
Business activity is, first and foremost, the sale of goods, works and services with the aim of earning income.
Because business activity is so varied, it is classified by type.
Types of business activity
Entrepreneurial activity can be of two kinds:
commercial;
non-commercial.
Commercial activity is carried on to make a profit.
Non-commercial…
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