Page 5. Taxes

Published 1 April 2020. Some rules have changed since; ask us for the current position. Filing zero returns, with accounting services across Ukraine (Kyiv, Kharkiv, Odesa, Lviv, Dnipro). If a company is registered but carries on no business, pays no wages and has no movements on its accounts, the law still requires it to file zero returns with the tax authority. You could, of course, rely on an in-house accountant, but they may fall ill or go on holiday. If you come to us at Key Solutions, you will not have that problem. You will not need to think about…

Published 6 November 2019. Some rules have changed since; ask us for the current position. Draft Law No. 2338 sets new income limits for individual entrepreneurs (FOP, фізичні особи-підприємці) in single tax groups 1, 2 and 3: UAH 1 million for group 1, UAH 5 million for group 2 and UAH 10 million for group 3. All of this is expected to take effect from the beginning of 2020. Single tax rates for group 1 payers The proposed rate is 0% for household services and 10% for all other activities. As a result: more entrepreneurs will be on the simplified…

Published 2 May 2018. Some rules have changed since; ask us for the current position. A lawyer practising independently A lawyer's work counts as independent when it consists of providing defence or other types of legal assistance to a client. This is stated in Article 1 of Law of Ukraine No. 5076-VI of 5 July 2012 "On the Bar and Practice of Law" (Про адвокатуру та адвокатську діяльність). Paragraph 3 of Article 4 of the same law gives a lawyer the right to: practise individually; work in a law bureau with its…

Published 27 April 2018. Some rules have changed since; ask us for the current position. Legal basis. Under subparagraph 4 of paragraph 297.1 of Article 297 of the Tax Code of Ukraine (Податковий кодекс України), some participants in the single tax (єдиний податок) regime, namely individual entrepreneurs (FOP, фізичні особи-підприємці), are released from the duty to pay land tax, calculate it and declare it to the tax authority. Taxable objects. This type of taxation covers: land plots owned by the FOP; land plots…

Published 6 March 2017. Some rules have changed since; ask us for the current position. If you have not filed your transfer pricing report on time, you will receive a notice imposing a sanction, that is, a fine that has to be paid within 10 calendar days. The report still has to be filed! If you are interested in transfer pricing, read our article about the key changes to the rules. The fine is calculated on the basis of the subsistence minimum (прожитковий мінімум) set as of 1 January. What happens if…