National Bank of Ukraine left the discount rate at 18%
National Bank of Ukraine left the discount rate at 18%

The NBU Board decided to leave the discount rate unchanged at 18% per annum. The regulator considers the projected monetary conditions tough enough to ensure a reduction in inflation to the medium-term target of 5% in 2020. In the case of maintaining the intensity of…

Electronic tax audit is to be launched in full by 2020
Electronic tax audit is to be launched in full by 2020

Electronic tax audit: the State Fiscal Service (SFS) supports the government’s course on preventing unreasonable inspections, reducing pressure on business and stimulating the development of entrepreneurship by introducing a transparent risk-based control system. Thus, employees of the fiscal service are working on the introduction of…

Business inspections - more transparent and risk-oriented
Business inspections - more transparent and risk-oriented

The Ministry of Economic Development reported that in 2019 business inspections will become more transparent and risk-oriented. An integrated portal inspections.gov.ua with a number of tools for interaction between the state and business has already been launched. One of the objectives of the new inspection…

Martial Law in Ukraine
Martial Law in Ukraine

In accordance with Presidential Decree No. 393 of November 26, 2018 “On the Imposition of Martial Law in Ukraine”, approved by the Law of Ukraine, martial law was introduced in 10 regions of Ukraine, as well as in the internal waters of Ukraine in the…

Ukrainians can buy currency online starting Feb 2019
Ukrainians can buy currency online starting Feb 2019

Starting February 7, 2019, individual currency licenses will be cancelled, and individuals will be allowed to buy currency online. The National Bank presented the draft structure of currency regulation, which will come into force together with the introduction of the Law on Currency and Foreign…