Published 25 May 2016. Some rules have changed since; ask us for the current position.
Today, 25 May, Resolution No. 331 of the Board of the National Bank of Ukraine of 24 May 2016 "On Amendments to Certain Regulations of the National Bank of Ukraine" came into force.
From now on, clients of authorised banks carrying out currency transactions may omit the extract from the Unified State Register of Enterprises and Organisations of Ukraine (ЄДРПОУ) and the…
Read More
Published 24 May 2016. Some rules have changed since; ask us for the current position.
In 2016, legal entities do not need to submit financial statements to the state registrar by 1 June (the Balance Sheet and the Statement of Financial Results).
This is because the Unified State Register, kept in electronic form, contains information on legal entities (other than public authorities and local self-government bodies as legal entities) and their financial statements on business activity (other than those of budget institutions), comprising the Balance Sheet…
Read More
Published 23 May 2016. Some rules have changed since; ask us for the current position.
Value figures in a tax invoice (податкова накладна) must have no more than two decimal places (except the figure in column 7, where current law provides otherwise).
The tax authorities point out that current law sets no limit on the number of decimal places in quantity figures in column 6 of the tax invoice.
The required number of decimal places in a quantity figure is whatever is sufficient to calculate the value figure in lines V–IX of the tax invoice correctly.
Where…
Read More
Published in 2016. Some rules have changed since; ask us for the current position.
Since 1 January 2016, the law no longer requires the Ministry of Finance to approve a procedure for penalties for late registration of tax invoices in the Unified Register of Tax Invoices (ЄРПН). From that date, the State Fiscal Service (ДФС, now the State Tax Service) has had the power to apply the penalties under Article 120-1 of the Tax Code of Ukraine.
In its ruling of 16 February 2016 in case No. 816/4843/15, the Poltava District Administrative Court considered whether the tax authorities…
Read More
