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Published 26 July 2018. Some rules have changed since; ask us for the current position. Gas prices stay unchanged until September A minister has announced that the price of gas will stay at its current level until 1 September. The decision was taken at a meeting on 26 July. A month earlier, in talks with the International Monetary Fund (IMF), the need to raise gas prices had been discussed. Many will remember that Ukraine had a hard time from July 2017, with difficult negotiations with the IMF over gas. The Fund firmly insisted…

Published 26 July 2018. Some rules have changed since; ask us for the current position. Tax invoice registered late: can the buyer still claim a VAT refund? The State Fiscal Service of Ukraine (Державна фіскальна служба, ДФС) has clarified that the right to a budget refund of VAT is retained even when a tax invoice (податкова накладна) was registered late. Individual tax ruling No. 3190/6/99-99-15-03-02-15/ІПК explains which amounts do not form part of input VAT (tax credit) and how they are taken into account…

Published 25 July 2018. Some rules have changed since; ask us for the current position. A shortage of money in the Pension Fund of Ukraine (Пенсійний фонд України) has led to a decision to lend it funds from the state treasury. Tetiana Sliuz, speaking for the agency, said the Pension Fund did not have enough money to pay off pension arrears for July. A meeting was held a few days ago at which the Prime Minister approved a loan to cover the cash gap. She also stressed that the State Treasury Service owes nothing to the Pension Fund and that responsibility for the…

Published 24 July 2018. Some rules have changed since; ask us for the current position. A new method for calculating the official hryvnia to US dollar exchange rate The National Bank of Ukraine (NBU) has announced that it has revised the method for calculating the official exchange rate and now uses a completely different approach. Details have not yet been released, but NBU representatives have promised a presentation soon. The official hryvnia to dollar rate will now be calculated on the basis of data on currency purchase and sale…

The old Beskyd tunnel is to be mothballed The Uzhhorod railway directorate is considering mothballing the railway tunnel. Lviv Railway staff have started mothballing the old single-track Beskyd tunnel. The tunnel was in service for more than 100 years, so it can no longer be considered safe. The tunnel's management said the overhead contact lines will be dismantled first, the signalling equipment removed next, and the track taken up at the final stage. The track will be dismantled by the Uzhhorod track machine station. The large new Beskyd…