Breadcrumb Home Articles. Accounting, payroll & HR, tax & legislation in Ukraine Articles Article 11.01.2021 Company Liquidation: Steps From Making the Decision to Factual Liquidation Accountor Ukraine offers a brief overview of the main stages of the process. Read more Article 28.12.2020 How Did Labor Market in Ukraine Change in 2020? Employers and employees in 2020 went through a process of remodeling their approaches and abandoning their stereotypes. E.g., in March-April, around 27% IT companies’ employees were dissatisfied with Read more Article 16.12.2020 Who is Subcontractor for International Technical Assistance Projects? Q&A A “subcontractor” means any party (residents/non-residents) who has a written agreement with the executor or with the recipient, who ensures the implementation of the project or part of the project Read more Article 19.11.2020 Tax Digitalization: New Directions Ukraine is slowly but steadily pursuing digitalization, which is a very important trend. Inspired by last year's success of the chatbot for private individuals, the tax authorities have announced Read more Article 29.10.2020 Moving Easily, or How Can Foreign IT Businesses Open in Ukraine Ukraine is becoming increasingly attractive for international IT businesses. Recent political and economic developments have shown that IT companies from post-Soviet countries are no less interested Read more Article 01.10.2020 What Has Changed for Non-Residents in 2020? Accountor Ukraine reminds that on May 23, 2020 the Law of Ukraine of January 16, 2020 # 466-IX "On Amendments to the Tax Code of Ukraine to Improve Tax Administration, Eliminate Technical and Logical Read more Article 15.09.2020 COVID-19: Economic Trends and Investment Trends in Ukraine COVID-19 has changed not only the life of every single individual around the world, but also the domestic and foreign policies of many countries. Read more Article 12.08.2020 Income Tax: new rules of the old game The law №466 on “The amendment to the Tax Code of Ukraine concerning the enhancement of tax administrating, eliminating the technical and logical inconsistencies in the Tax legislation” Read more Article 30.07.2020 MAIN EXCISE TAX CHANGES On May 23, 2020, the Law of Ukraine # 466-IX "On Amendments to the Tax Code of Ukraine to Improve Tax Administration, Eliminate Technical and Logical Inconsistencies in Tax Legislation" Read more Article 23.07.2020 Start Business in Ukraine. Key Points Every year Ukraine becomes more and more of an attractive market for foreign investments. Even currently Ukraine is included into TOP-100 countries according to auspiciousness Read more Article 17.07.2020 Personal Income Tax and Military Fee After Tax Reform 2020 On May 23, 2020, the Law of Ukraine № 466-IX “On Amendments to the Tax Code of Ukraine to Improve Tax Administration, Eliminate Technical and Logical Inconsistencies in Tax Legislation” (Bill №1210) Read more Article 09.07.2020 Tax Reform 2020. Major Changes in VAT Administration Accountor Ukraine would like to inform you that on May 23, 2020, the Law of Ukraine "On Amendments to the Tax Code of Ukraine to improve tax administration, eliminate technical and logical... Read more Article 02.07.2020 Outsourcing for International Technical Assistance Projects: You Never Know Until You Try In recent years, Ukrainian international technical assistance (ITA) laws have changed, and these changes has facilitated the process of attracting donor assistance and implementing ITA projects. Read more Article 26.06.2020 Tax Reform 2020: Penalties Increased The Law of Ukraine “On amendments to the Tax Code of Ukraine regarding improvement of tax administration, elimination of technical and logical inconsistencies in tax legislation” ... Read more Article 19.06.2020 “Business Purpose” Concept Extended: Proving the Expediency of Transactions Although business communities have repeatedly asked the President to veto or amend the Bill #1210, yet the Law of Ukraine "On Amendments to the Tax Code of Ukraine to improve tax administration Read more Article 05.06.2020 DEADLINE FOR LLCs: ANNUAL GENERAL MEETING TILL END OF JUNE 2020 In this article, we would like to remind you that convening the annual general meeting is mandatory in accordance with the Law of Ukraine Read more Article 29.05.2020 5 MUST SAVE LIFE HACKS OF RECRUITING DURING QUARANTINE COVID-19 has brought us all into a new phase of life: physically, mentally, emotionally and progressively. Our self-preservation instinct has strengthened. Read more Article 04.05.2020 DISMISSING EMPLOYEES DURING THE COVID-19 PANDEMIC On March 12, a nationwide quarantine was announced throughout Ukraine to prevent the emergence and spread of COVID-19. Read more Article 16.04.2020 Business and the Pandemic: How the Government Plans to Support Entrepreneurs in Crisis Before we had the time to evaluate the changes introduced by Law of Ukraine No. 533-IX of March 17, 2020, “On amendments to the Tax Code in connection with the spread of coronavirus”, the Government.. Read more Article 07.04.2020 Force Majeure During the Quarantine Period A lot of questions related to quarantine, force majeure circumstances, and emergency situation in the country are pondered by businesses during these difficult days. Accountor Ukraine explains some Read more Article 01.04.2020 NB! New Template for Report on Labor (1ПВ) Accountor informs that in order to keep improving state statistical surveillance on labor and in order to obtain full, well-rounded and objective statistical data.. Read more Article 26.03.2020 Support of Business During Quarantine Accountor Informs of What Ukrainian Authorities Have Prepared for Entrepreneurs Read more Article 13.03.2020 New Ways of Bank Secrecy Disclosure. Should Businesses Prepare for Arrest of Accounts? In February 2020, the National Bank of Ukraine facilitated the procedure of bank secrecy disclosure pursuant to requirements of the Law of Ukraine “On amendments to certain legal acts of Ukraine... Read more Article 19.02.2020 New Incoterms® 2020: The Changes You Need to Know The Incoterms® are an important element of supply contracts as they inform the parties about the obligations, risks and expenses. Read more Article 06.12.2019 Regulations on cash transactions brought up to date The National Bank of Ukraine has amended the Directive on cash transactions. More details in our article. Read more Article 28.11.2019 New invoices for taxes and fees On August 5 2019 directive of the Board of the National Bank of Ukraine introducing International Bank Account Number (IBAN) in Ukraine entered into force Read more Article 14.11.2019 Investment stimulation in Ukraine: currency easing The National Bank of Ukraine (further the “NBU”) made the free movement of capital its policy in 2019 and lifted more than 30 currency restrictions Read more Article 10.09.2019 Electronic CMR consignment note for transportation of goods by road Decree issued by the Ministry of Infrastructure entered into force in Ukraine allowing electronic CMR consignment notes using. Find more details about document layout and signing in the article. Read more Article 19.07.2019 Penalties for not recording cash in hand in the books abolished Decree of the President of Ukraine abolishing penalties for violating the regulations on the circulation of companies’ cash in hand entered into force on June 23, 2019. More details in our article. Read more Article 20.05.2019 Abolition of sample signature cards The National Bank of Ukraine made changes in the Guidelines for opening and closing bank accounts and correspondent accounts of resident and non-resident banks Read more Article 20.05.2019 Deadlines for import-export settlements abolished The National Bank of Ukraine has approved the Directive regarding deadlines for import-export transactions and simplifying currency control over compliance with deadlines Read more Article 30.04.2019 New accounts for payment of single social contribution Following the reorganization of the State Fiscal Service of Ukraine, new accounts will become effective on May 02, 2019 for payment of single social contribution and financial sanctions Read more Article 12.04.2019 New criteria by the State Labor Service for company’s risk assessing Frequency of scheduled inspections for compliance with labor laws will be determined in accordance with new criteria adopted by the Cabinet of Ministers of Ukraine Read more Article 10.04.2019 Inspection of employers by social insurance fund Scheduled inspections of employers by the Social Insurance Fund of Ukraine have been resumed since March 2019 Read more Article 26.02.2019 Main changes in currency regulation of settlements in import-export operations The Law of Ukraine “On Currency and Currency Transactions” entered into force on February 07, 2019 together with eight National Bank of Ukraine resolutions which are now the basis of the new system of Read more Article 11.01.2019 LLC Digest: List of things to do before the New Corporate Year LLCs are entitled to choose when they should bring their charter in line with LLC Law within the transition period (until June 17, 2019) Read more Article 28.12.2018 Tax law changes in Ukraine 2019 The Verkhovna Rada of Ukraine (further “VRU”) has amended the Tax Code of Ukraine Read more Article 18.12.2018 Scheduled inspections for 2019 approved in Ukraine A number of state authorities have already approved and published their inspection schedule for 2019 Read more Article 14.12.2018 LLC digest: “Old” charters vs new LLC law – on which side is court practice? As a general rule, according to Item 3 of Final and Transitional Provisions of the Law of Ukraine On Limited Liability Companies and Additional Liability (further the “Law”), the provisions of LLC cha Read more Article 14.12.2018 New tax invoices in Ukraine We would like to inform you that the Ministry of Finance of Ukraine issued on September 17, 2018 decree approving a new form for tax invoice and adjustment calculations to tax invoices Read more Article 14.12.2018 Job title requirements: Translation difficulties When staff is hired to work in a company with foreign investments, it is often necessary to translate into Ukrainian the job titles indicated in job offers. Read more Article 14.12.2018 New service from the social insurance fund – electronic user account Employers have now access to user accounts on the Pension Fund portal through which they can order Appendix 9 – Certificate of Employment and Insurance Duration and receive it within minutes Read more Article 14.12.2018 Position of the Supreme Court on the consequences of cooperation without contract As a general rule, business relationships require entering into written contracts. However, despite this legal requirement, many companies neglect contract work, and this oversight often gives rise to Read more Article 14.12.2018 Changes in sick and maternity leave payments Ukrainian law was amended on October 01, 2018 following the entry into force of the procedure for financing by the Social Insurance Fund of Ukraine of employers to pay benefits to insured persons due Read more Article 14.09.2018 Changes in the law of Ukraine on currency and currency transactions The purpose of the law of ukraine on currency and currency transactions adopted on July 07, 2018 is to significantly liberalize the regulation of currency transactions. Find out more from our article Read more Article 20.08.2018 New HR administration obligations for representative offices of non-residents The new decree abolishes the obligation to keep the employment record books of people working in representative offices of non-residents Read more Article 06.07.2018 LLC Digest: Executive Body This article is dedicated to the changes introduced to the status and regulation of LLC executive body as the most significant body directly affecting the activity and very existence of LLC. The most Read more Article 03.07.2018 Scheduled inspections by state labor authorities The Inspections by Derzhpratsi bodies became a hot topic on the back of a significant increase in existing fine amounts, the introduction of new fines for violation of labor law and the constant upd Read more Article 27.06.2018 LLC Digest: Miscellaneous This article describes individual changes introduced by the Law of Ukraine On Limited Liability Companies and Additional Liability which, although not comprehensive, are still important for corporate Read more Article 14.06.2018 LLC Digest: General Meeting As the highest management body of LLC, the general meeting could not not have been subject to scrutiny and changes following the introduction of the Law of Ukraine On Limited Liability Companies Read more Article 30.05.2018 LLC Digest: Charter, share capital and management bodies The Law of Ukraine On Limited Liability Companies and Additional Liability (further the “Law”) could obviously not eschew addressing concepts essential to LLC activity such as charter, share capital a Read more Article 14.05.2018 LLC Digest: Shareholder Agreement This instalment of our digest is devoted to another change introduced by the Law of Ukraine On Limited Liability Companies and Additional Liability Read more Article 24.04.2018 LLC digest: shareholder withdrawal The most significant event in corporate law recently was the adoption of the Law of Ukraine On Limited Liability Companies. Learn more from the article Read more Article 02.02.2018 Dividend payment: Guide for company owners and directors We have drafted a guide on dividend payments in Ukraine for company owners and directors. Download it for free Read more Article 17.01.2018 Approval of contracts in companies The beginning of a new year is a good time to sort out corporate documentation. Particular attention should be paid to minutes of general meetings of shareholders approving contracts (transactions). Read more Article 06.12.2016 Why conduct Legal Due Diligence? Conducting due diligence is a common practice in today’s business environment and is mostly conducted for pre-M&A procedures or audits for parent companies. But what about legal due diligence? Read more