Ukraine is implementing new international classification of goods
Ukraine is implementing new international classification of goods

On 15 November 2017 the Cabinet of Ministers of Ukraine upheld the draft law on the new international classification of goods for the payment of customs tariffs (draft Law “On the Customs Tariff of Ukraine”). The document does not change the import duty rate for…

NBU facilitates the repatriation of dividends accrued before 2014
NBU facilitates the repatriation of dividends accrued before 2014

From now on, Ukrainian companies will be able to pay foreign investors dividends in foreign currencies, accrued not only for 2014 – 2016, as it was until now, but also for the period until 2013 inclusive. The monthly limit for such transactions will be no…

Automatic registration of tax invoices might be simplified
Automatic registration of tax invoices might be simplified

The Cabinet of Ministers suggests the Parliament to adopt the Draft Law on amendments to the Tax Code regarding tax invoices registration. The Draft provides the “no-objection basis” to be applied. Therefore, if a tax invoice has not been automatically registered and no decision has…

Ukraine launches a database of all companies’ beneficial owners
Ukraine launches a database of all companies’ beneficial owners

Ukraine launches a database of all companies’ beneficial owners. The relevant information on the beneficiaries is available at the state portal of open data. In addition, Ukraine has joined the Transparency International initiative to ensure transparency of corporate data, and counteract corruption. Therefore, data on…

Medical reform adopted
Medical reform adopted

The Parliament of Ukraine adopted the Law “On State Financial Guarantees for the Provision of Medical Services and Medicines”. The adopted Law differs significantly from the wording of the Law adopted in the first reading: 1) the joint payment for medical care by the state…