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…

Tax Rate for Dividends in Favour of a Cypriot Shareholder
Tax Rate for Dividends in Favour of a Cypriot Shareholder

The Convention between the Government of Ukraine and the Government of the Republic of Cyprus On the Avoidance of Double Taxation and the Prevention of Tax Evasion Regarding Income Taxes (hereinafter – the Convention) was ratified by the Parliament of Ukraine on July 4, 2013,…

Changed Procedure of Electronic Auctions for Small-scale Privatization Objects
Changed Procedure of Electronic Auctions for Small-scale Privatization Objects

The Cabinet of Ministers changed the procedure of the electronic auctions for the small-scale privatization objects sale and determined additional sale conditions. The relevant resolution No. 361 of April 24, 2019, clarified the issue of publishing a list of objects to be privatized, the information…