The National Bank has expressed its stance on Bitcoin in Ukraine: it cannot be recognized neither as a currency, nor as a method of payment. The NBU points out that Bitcoin has no central issuer, so it cannot be deemed as a currency. It also…
Category: Legal News
The Cabinet of Ministers of Ukraine approved the Draft on the withdrawn capital tax introduction
The Government approved the introduction of taxation of corporate income, distributed as dividends or payments similar thereto, as well as the cancellation of tax over non-residents’ profits. It is expected, the introduction of a withdrawn capital tax instead of the profits tax will be an…
The Law on Cyber Security has been adopted and signed by the President
The law establishes legal and organizational bases for ensuring cybersecurity of Ukraine, as well as directions and principles of state policy in the field of cybersecurity, powers of state bodies, enterprises, institutions, organizations and individuals in this sphere, basic principles of coordination of their activities.…
The European food quality control system is to be introduced
The legal and organizational bases for state control over compliance with legislation on food products, pet food, animal health and welfare, as well as legislation concerning by-products of animal origin whilst import (transfer) thereof to the customs territory of Ukraine by the market operators are…
Сonducting of an actual tax audit for the period already been audited
Pursuant to subparagraphs 75.1.3 of the Tax Code, the actual tax audit shall mean such conducted at the place of a taxpayer’s actual activities performance, location of business or other proprietary objects owned by the taxpayer. The audit shall be carried out by the supervisory…
The NBU intends to conduct a foreign exchange amnesty
The National Bank of Ukraine is willing to announce a foreign exchange amnesty, under which individuals declaring ownership interests in companies they control (CFC) will be held indemnified against penalties for violating a cross-border foreign investment regime and an ownership interest in the CFC legalization.…