The List of Construction Works with No Permission Required is Expanded
The List of Construction Works with No Permission Required is Expanded

The Cabinet of Ministers has expanded the list of construction works requiring no more permission to perform some type of works and prior subject of no acceptance for exploitation if missing. The relevant Government Decree No. 236 of March 20, 2019, has already entered into…

Foreign Companies Can Open Accounts in Ukrainian Banks
Foreign Companies Can Open Accounts in Ukrainian Banks

The National Bank has allowed non-resident legal entities to open accounts, including foreign investment funds and asset management companies, acting on behalf of such investment funds. The corresponding changes are stipulated by the Decree No. 56 of April 1, which, in a new edition, sets…

The National Bank lowered the discount rate to 17.5%
The National Bank lowered the discount rate to 17.5%

The Board of the National Bank decided to reduce the discount rate to 17.5% per annum from April 26, 2019. Now, the persistent tendency to slowing inflation targeting a 5% rate allows the National Bank to begin a process of decreasing the interest rate. The…

BEPS Ratification Law Entered Into Force
BEPS Ratification Law Entered Into Force

Ukraine ratified the Multilateral Convention on the Implementation of Measures Concerning Tax Agreements in order to counteract the tax base erosion and to remove profits from taxation. The correspondent Law No. 2692 – VIII was officially published on March 23 and entered into force on…