Consulting department of KEYNAS Group would like to present you a topical article prepared by our consultants and published on «LIGA:ZAKON» web-portal. Penalty for violation of registration deadline of tax invoice in case of correction of an error in Individual taxpayer number
Major news headlines:
- New large taxpayers: submit Form no. 1-OPP by November 15
- Now any long-term liability shall be discounted and not just the one bearing the interest
- You are right but prove: no business purpose – no tax credit
- Unlike the reporting deadlines, the deadlines for tax payments (except for unified social contribution) will not be rescheduled
- The currency of the advance received and currency of the contract are different: the “magic” of exempting the transaction from banking control
Обзор законодательства и судебной практики за октябрь 2019 г.
Dear colleagues and partners,
we would like to congratulate you on our professional holiday!
Dear colleagues and partners,
Please find below the news review for August 2019.
Major news headlines:
- Controlled transaction Form has been adjusted
- Tax authorities has received a permission to suspend the transfer pricing audit
- Liberal enough: the founder may act as director without any consideration
- Alcoholic drinks may be included into entertainment costs: the business trip costs is an exception
- Price to be paid for failure to reimburse the unused vacation compensation: on minimum wage
- FS submission procedure has been slightly changed: small businesses to report on a quarterly basis
- Lessee improved the facility based on the previous arrangement, but, the related costs were not compensated: good bye free-of-charge services
Dear colleagues and partners,
Please find below the news review for July 2019.
Major news headlines:
- Electronic way-bill
- Currency liberalization by the NBU: the limit on the repatriation of dividends has been canceled
- New form of the excise invoice and procedure for filling it out
- Standards of natural loss of grain during its storage
- Fuel tank of any auto containing fuel is not an excise warehouse
- Cash register has failed, while we do not maintain KURO: what a company has to do
- Armed Forces of Ukraine allowed provide meals to employees in form of the “buffet” without charging any personal income tax
- From now on a salary in an employment contract can be presented as the equivalent amount in foreign currency
Обзор законодательства и судебной практики за июль 2019г.
Dear colleagues and partners,
we would like to congratulate you
on our professional holiday!
Dear colleagues and partners,
Please find below the news review for June 2019.
Major news headlines:
- Traps for business is not everywhere: fines for the violation of cash transactions have been canceled
- The Ministry of Finance gave birth at last, praise it: updated IFRS and their interpretations have been published
- A new reason for a headache: draconian deadlines for registration of excise tax invoices will become effective as from July 1
- Excise tax invoices for the sale of fuel for coupons should be prepared by petrol stations rather than sellers of the coupons
- The huge penalty for not registering excise warehouses will be applied from October 1, 2019
- Date when VAT-liabilities emerge is not pegged to the date of the title for the goods transfer
- It’s the same old stuff: free food according to the principle of “buffet” is a taxable income
- There is no penalty for not creating a commission for social insurance, but the Social Security Fund has a certain influence
Обзор законодательства и судебной практики за июнь 2019г.
Dear colleagues and partners,
Please find below the news review for May 2019.
Key news of the issue:
• Procedure for blocking tax invoices has been changed
• Depreciation of mothballed FA
• Employee purchased the goods for the entity – their compensation should not be taxed
• Limit on dividends repatriation has been increased from 7 to 12 million euros per month
• Specifics of booking the cash by separate structural units
• Meeting the deadlines for payments under export of works and services transactions will not be monitored
Dear colleagues and partners,
Please find attached our news review for April 2019
Key news of the issue:
- Some legal entities shall make public their financial statements by April 30.
- Transition to IFRS and income return adjustments.
- There is no need to submit the FX return after 1Q2019.
- What is a long-term contract for the purpose of finding out the date when VAT liability emerged – the opinion of the State Fiscal Service.
- In what cases the compensation of the purchased goods cost to employee is not treated as his income? – A new stance of the State Fiscal Service.
- It is not important for not accruing the indexation by how much the wages are increased.
- Exchange differences in case of the dividends – the opinion of the State Fiscal Service.
Обзор законодательства и судебной практики за апрель 2019г.
