Dear colleagues, partners!
We wish you merry spring festivities!
Consulting department of KEYNAS Group
would like to present you a topical article prepared by
our consultants.
Withholding tax and penal sanctions
Colleagues,
we offer you a review of the legislation in January 2018.
Key news of the issue:
- As from January 5, a new regulation on cash operations will become effective;
- Finance Ministry clarified when the “lucky ones” will have to migrate to IFRS 9;
- Reciprocal reconciliation now aims at the information dealing with transfer pricing;
- Forms of the documents for Labor Agency inspections have been approved;
- Fines for the incorrect code of the goods/services in tax invoices get “unfrozen”;
- List of nonresidents for a 30% adjustment becomes longer.
Review of legislation and judicial practice in January 2018
Colleagues,
we offer you a review of the legislation in December 2017.
Key news of the edition:
- Minimum legal wage and living wage in 2018;
- Controlled transactions now include those between representative office and respective nonresident;
- Tax invoices blocking system has been suspended temporarily;
- Change in the timeline for value-added tax credit formation;
- Maximum Common Social Contribution accrual base in 2018.
Review of legislation and judicial practice in December 2017
Dear colleagues and partners,
With Christmas Greetings and
all Good Wishes for the New Year!
Consulting department of KEYNAS Group
would like to present you a topical article prepared by
our consultants and published on «LIGA:ZAKON» web-portal
Extended warranties accounting
Colleagues,
we offer you a review of the legislation in November 2017.
Key news of the edition:
- December 25 is a National Holiday;
- New changes introduced into the tax invoices/update estimates block criteria;
- No adjustments in your financial result – get a mark in the Tax Return each year;
- National Bank of Ukraine has simplified conditions for the import payments;
- Registration of the Update estimate to the blocked Tax invoice is a waste of time;
- Refusal to register a Tax invoice has no impact on the tax expenses recognition;
- Making obstacles in inspections carried out by Ministry for Labor will result in fines amounting to 100 minimum wages;
- Using an electronic invoice in settlements with foreign counterparties.
Review of legislation and judicial practice in November 2017
Colleagues,
we offer you a review of the legislation in October 2017.
Key news of the issue:
- amended Law On accounting and financial statements was made public;
- pension reform was adopted;
- declare your VAT-liabilities even when the tax invoice is not registered with the Common Register of Tax Invoices;
- all-you-can-eat buffet for employees.
Review of legislation and judicial practice in October 2017
Colleagues,
we offer you a review of the legislation in September 2017.
We are sure that you will find for yourself interesting and useful information.
Key news of the issue:
- If your VAT returns and Common Register for Tax Invoices does not reconcile – the extraordinary tax audit will come soon НДС-декларация не сходится;
- Tax authorities told us how they are going to spot the “on paper only” transactions;
-“No-pay” Director – is a violation of the labor laws.
Review of legislation and judicial practice in September 2017
Colleagues,
we offer you a review of the legislation in August 2017.
We are sure that you will find for yourself interesting and useful information.
Key news of the issue:
- opinion of the controllers about the proofs of the unreality of economic transactions and “good faith” of counterparties;
- blocking criteria have been updated;
- if an individual-entrepreneur, being on the common tax system, can depreciate trucks.
Review of legislation and judicial practice in August 2017