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 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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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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Published 14 June 2016. Some rules have changed since; ask us for the current position.
The Verkhovna Rada has adopted the Law "On Financial Restructuring" (Про фінансову реструктуризацію; bill No. 3555).
The law is intended to ease the debt burden on Ukrainian companies that are temporarily unable to repay creditors on time. It also simplifies rescheduling of debt, changes to interest rates, partial debt write-offs, new financing and similar arrangements.
The…
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Published 31 May 2016. Some rules have changed since; ask us for the current position.
When opening accounts for clients whose place of residence or registered office is at an address affected by a decision to renumber buildings or rename streets (avenues, boulevards, squares, lanes, blocks, etc.), settlements or administrative units, or by changes to the administrative and territorial structure, banks must add to the account file the relevant decisions of the Verkhovna Rada of Ukraine or local self-government bodies.
As the regulator,…
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