A draft law “On amendments to legislative acts concerning stamps used by legal entities and private entrepreneurs” foresees decreasing of stamps use in everyday life of Ukrainian companies. If adopted, the law would set the following rules: 1) Responsibility (a fine) for public officials requiring documents from business subjects only…
Haven’t we got used to new rules for registration of rights to real estate, the President signed a new law changing the procedure of residence registration. As we know, currently the territorial subdivisions of the State Migration Service of Ukraine have been empowered to register a place of one’s residence…
This time there is a new draft-law at the Supreme Rada, entitled “On zero declaration”. The key-idea is – every Ukrainian resident is to declare not only his incomes but also his expenses. If such expenses are higher than the official income, one will have to pay income tax. If…
Today, on the 2nd of March, the NBU has introduced the next innovation to the Rules of money transfers, which seem to be positive for Ukrainian residents. It shall be clarified that the rules deal exclusively with non-commercial transfers. First, the National Bank now has its own interpretation of who…
The "Legalaid" team gained a unique experience when accompanying a Ukrainian witness questioning in a British court via videolink. The Birmingham County Court was hearing a debt recovery case. Either Claimant or Defendant were in Great Britain, but one of the Claimant's witnesses resides in L'viv region, Ukraine. Thus going abroad was…
July 8,the NBU decided to say "no" to bureaucracy and to meet those who are doing business via Internet. Usually, when making transactions in banks, residents are obliged to submit copies of contracts with non-residents, certificates and other documents confirming the performance of works, services provision, transfer abroad of intellectual…
Parliament adopted the draft law On amendments to some legislative acts of Ukraine concerning payment of court fee number 2862 from 15.05.2015. The main change is that if the fee is legal property claim is estimated at 1% of the claim, but not less than 0.2 salary size and no…
Today, problems with confirmation of final beneficiaries would disappear, because yesterday Parliament passed a law that extends the filing confirmation from May 25 for another 4 months. Besides the law simplifies the procedure, because now is not required to submit proof companies founded by physical persons only, because information about…
The threshold of 20% tax on income of individuals raised. The bill number 2576 from 04.07.2015 g. was passed in Parliament, envisaged that the 20% tax on personal income should be used if individual income exceeds 17 times minimum wages (wihin 1 calendar month). Before that, the 20% tax rate…
