Dear Colleagues,
Please find attached our review of the major changes in the Tax Code of Ukraine.
We are sure that you will find for yourself interesting and useful information. Key novelties:
- now small businesses have zero income tax again;
- change in the tax accounting for noncurrent assets;
- UKT VED and GKPU codes are the mandatory details of the tax invoice;
- a new deadline for tax invoices registration;
- NN registration has been suspended;
- changes related to the business trips.
Review of the major changes in the Tax Code of Ukraine
Dear Colleagues,
we offer you a review of the legislation in December 2016.
We are sure that you will find for yourself interesting and useful information. Key news of the issue:
- The new fines for not allowing the labor inspectors to examine entities are introduced from 2017;
- Starting from 2017 all the private entrepreneurs irrespective of whether they earned any income shall pay the unified social contribution to the state budget;
- If a monthly salary of an employee is less than the established minimum, it shall be increased to the minimal one;
- As from January 1, 2017, the monthly minimal salary is UAH 3,200, and the living wage – UAH 1,600;
- The export of the goods manufactured in-house below the cost in 2015 did not require any additionally assessment of VAT at 20%;
- Any corporate parties at expense of entities will not be included into their employee’s income.
Review of legislation and judicial practice in December 2016
Colleagues,
we offer you a review of the legislation in November 2016.
We are sure that you will find for yourself interesting and useful information.
Key news of the issue:
- The moratorium has been introduced on conducting the extraordinary tax inspections till 31.12.2017;
- The Law of Ukraine “On the basic principles of the state supervision (control) in business activities area” has been amended to liberalize the state supervision system;
- The procedure for the state registration of entities, private entrepreneurs and public organizations has been changed and the new forms of the applications for the state registration have been approved;
- The changes were introduced into the Procedure for the consideration of complaints from taxpayers;
- The tax return on property and income has been updated;
- The excise tax return has been updated.
Review of legislation and judicial practice in November 2016
Dear Colleagues,
we offer you a review of the legislation in October 2016.
We are sure that you will find for yourself interesting and useful information. Key news of the issue:
- Changes in the procedures for the real estate registration and not just that.
- Foreign investors will be able to get the permit for the temporary residence in Ukraine.
- Can the successor take into account the negative value of the item subject to the income tax of the liquidated taxpayer.
- VAT implications in the case when the previously exported goods are imported.
- The updated Report on the unified social contribution is to be submitted for this October.
- In the cash register slips now you can put the pension and tourist duties in separate lines.
Review of legislation and judicial practice in October 2016
Dear Colleagues,
we offer you a review of the legislation in September 2016.
We are sure that you will find for yourself interesting and useful information.
Key news of the issue:
- Expected amendments in the Tax Code;
- How tax authorities will identify the bogues (sham) business transactions of the taxpayers;
- The list of the quoted commodities has been approved for the purposes of the transfer pricing;
- The need to prepare the source documents dealing with the lease.
Review of legislation and judicial practice in September 2016
Dear Colleagues,
we offer you a review of the legislation in August 2016.
We are sure that you will find for yourself interesting and useful information.
Key news of our review:
- Amendments in Income Tax Return are approved;
- Here how you shall fill in lines 1.1.1 and 1.2.1 and 1.2.1, the AM PI annex, in the part dealing with non-current tangible assets of low cost;
- Reporting on VAT for August 2016;
- The cost examination report on the contracts with nonresidents is not required any more.
Review of legislation and judicial practice in August 2016
Dear Colleagues,
we offer you a review of the legislation in July 2016.
In the review you can get acquainted with the latest explanation of the controlling authorities on income tax and VAT. Please note that the NBU extended payment terms for foreign trade contracts for up to 120 days, and reduced the discount rate to 15.5%.
Review of legislation and judicial practice in July 2016
Dear Colleagues,
we offer you a review of the legislation in June 2016.
In the review you can get acquainted with the practical matters of income tax, VAT and personal income tax.Please note that the SFS has made further changes to the VAT declaration, which should be published within a few days, and NBU softened the requirements for operations with currency.
Review of legislation and judicial practice in June 2016
Dear Colleagues,
we offer you a review of the legislation in May 2016.
Please note that the SFS has explained the procedure for calculation and payment of advance payment of income tax, also raised the issue in the financial result of adjustments in Declaration and other questions.
In the review you can get acquainted with the SFS views on certain issues of VAT and personal income tax, and new jurisprudence.
Review of legislation and judicial practice in May 2016
Dear Colleagues,
we offer you a review of the legislation in April 2016.
In the review you can get acquainted with the practical matters of income tax, VAT and personal income tax, TP.
Review of legislation and judicial practice in April 2016