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, 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…
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.
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.
On February 6, 2020, the Parliament of Ukraine rejected a formal motion to cancel the results of a vote for the Anti-BEPS Bill (“Motion”). In this context, on January 16, 2020, the Parliament of Ukraine passed the Anti-BEPS Bill, which introduces a number of fundamental novelties into the Ukrainian tax…
On 29 October 2019, the Parliament of Ukraine ratified the Agreement between the Government of Ukraine and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA (FATCA Agreement). What does it mean? On 7 February 2019, Ukraine and the USA signed the…
On 23 September 2019, the president of Ukraine signed into law the Bill “On Amendments to the Criminal Code of Ukraine and the Criminal Procedure Code of Ukraine Purposed to Reduce Pressure on Business” (the Law), as adopted by the Parliament of Ukraine on 18 September 2019. The Law (i)…
The State Fiscal Service of Ukraine introduced amendments to the Order of State Fiscal Service of Ukraine with a view to reforming the procedures for instituting the tax evasion criminal investigations.