Ukrainian Verkhovna Rada Accepts a Law on Use of Financial Bills of Exchange for VAT Refund
On 4 July 2013, the Verkhovna Rada of Ukraine accepted a Law “On amendment of the Tax Code of Ukraine and other laws of Ukraine regarding the financial bills of exchange”. The Law becomes effective from the next day after it is officially published.
Please note the information is provided based on the draft Law prepared for the second reading, since the final wording of the Law is currently unavailable to general public.
We will further inform you on the signing of the Law by the President of Ukraine.
Please see attached the brief overview of principal amendments introduced to the Tax Code of Ukraine.