Home Europe Ukraine

Ukraine

Ukraine: Movement to elaborate the Anti-BEPS Law

0
In brief On 23 May 2020, the Law of Ukraine "On Amendments to the Tax Code of Ukraine Purposed to Improve the Administration of Taxes,...

Ukraine: Movement to elaborate the Anti-BEPS Law

0
On 23 May 2020, the Law of Ukraine "On Amendments to the Tax Code of Ukraine Purposed to Improve the Administration of Taxes, Eliminate Technical and Logical Inconsistencies in the Tax Legislation" ('Anti-BEPS Law') became effective with certain provisions being phased out.At the same time, certain provisions of the Anti-BEPS Law have called for the extension of their entry into force or elaboration thereof.Separately, the President of Ukraine referred to the Cabinet of Ministers with a number of recommendations purposed to enhance the Anti-BEPS Law concerning, inter alia, the CFC Rules, protection of data reported by taxpayers and obtained from the foreign jurisdictions.To this end, on 14 July 2020, the Parliament of Ukraine passed Law No. 786-IX "On Amendments to the Tax Code of Ukraine with respect to Functioning of the Electronic Cabinet and Simplification of Work of Private Entrepreneurs" ('Amending Law'). On 8 August 2020, the Amending Law entered into force.

Ukraine: New rules of the game for renewables in Ukraine

0
On 31 July 2020, the President of Ukraine has signed the long-awaited law of Ukraine No. 810 "On Amendments to Certain Laws of Ukraine related to Improvements of the Terms of Support for Production of Electricity from Renewables Energy Sources" ("Law").Effective from 1 August 2020, the adjusted Feed-in-Tariff rates will apply to the renewable energy projects ("REP") in Ukraine. To see the Feed-in-Tariff ("FiT") rates please follow the link here.For the REPs commissioned before 30 June 2015, the FiT cap of EUR 24.56 KW/h will apply.WPPs with up to three wind turbines (irrespective of the capacity) are not any longer eligible for FiT.

Ukraine: COVID-19 – Amended procedure of renewal and extension of procedural terms due to...

0
On 17 July 2020 the amendments to the procedural codes, affecting the procedure of renewal and extension of the procedural terms, became effective, touching, in particular, those terms, which were automatically suspended for the time of quarantine in March this year.

Ukraine: State support for large investment projects

0
On 21 July 2020, Ukraine's parliament, the Verkhovna Rada of Ukraine, passed in the first reading a Draft Law No. 3760 "On State Support for Investment Projects with Significant Investments" ("Draft Law"). The Draft Law was proposed by the President of Ukraine as part of his investment promotion agenda and is aimed at enabling state support for major investments in Ukraine.

Ukraine: COVID-19 – Ukraine extends existing tax relief and introduces additional ones

0
On 29 May 2020, the Law On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine Regarding Additional Support to Taxpayers for the Period of Undertaking Measures Aimed at Preventing an Outbreak and Spread of the Coronavirus Disease (COVID-19) ("Law") entered into force.

Ukraine: Coronavirus (COVID-19): Quarantine in Ukraine has been Extended and Reinforced

0
Extension of the quarantine periodOn 2 April 2020, the Cabinet of Ministers of Ukraine (CMU) by its Resolution No. 255 reinforced the restrictions imposed due...

Financial Monitoring: Ukraine Harmonizes its Legislation with International Standards

0
On 28 April 2020 the Law of Ukraine "On Prevention and Counteraction to Legalization (Money Laundering) of the Proceeds of Crime or Terrorism Financing,...

Europe: COVID-19 Government Intervention Schemes

0
Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of...

Coronavirus: A Quick Guide for Employers in EMEA

0
Baker McKenzie's EMEA Employment and Compensation Team is pleased to provide you with this quick guide for employers, dealing with 11 of the most...
Send this to a friend