Tax & Legal Alerts
2024
Country-by-Country Report of an international group of companies – when it should be submitted for the first time?
3 September 2024
On 2 September 2024, the news was published on the website of the Ministry of Finance of Ukraine that the Multilateral Agreement of the Competent Authorities on the Automatic Exchange of Country-by-Country Reports entered into force for Ukraine in July 2024.
EU Artificial Intelligence Act
12 August 2024
On 1 August 2024, the EU Artificial Intelligence Act entered into force. Companies, which use artificial intelligence (AI) and intend to continue their operations in the European market must prepare for the fulfillment of new obligations.
White Business Club. President of Ukraine signs the Law
25 July 2024
On 24 July 2024, the President of Ukraine signed the Law “On Amendments to the Tax Code of Ukraine regarding the Specifics of Tax Administration during Martial Law for Taxpayers with a High Level of Voluntary Tax Compliance, also known as the Law on the White Business Club.
Automatic Exchange of Information under CRS and CbCR Standards
8 July 2024
On 26 June 2024, the State Tax Service of Ukraine informed that the Global Forum of the Organization for Economic Cooperation and Development has approved the Report on Maturity of Information Security Management System in Ukraine.
Pillar One? Amount B?
Should Ukrainian companies look forward to their implementation?
25 June 2024
On 17 June 2024, the Organization for Economic Cooperation and Development published on its official website additional guidances regarding the application of one of Pillar One components — Amount B.
Cooperation between Ukraine and Poland
19 June 2024
On 14 June 2024, Deloitte Ukraine and Deloitte Poland held a webinar on “Doing Business in Ukraine: Tax and Legal Matters”. The event was organized for Polish companies exploring the possibility of expanding their business in Ukraine, and regional headquarters in Poland with the scope of responsibilities covering tax and legal matters in Ukraine.
Changes to the Reservation Procedure
13 June 2024
The Cabinet of Ministers of Ukraine (“CMU”) by its Resolution No. 650 dated 5 June 2024 has approved the Procedure for reservation of military-obliged persons during martial law through the Unified State Web Portal of Electronic Services.
Cooperation between Germany and Ukraine
15 May 2024
“In the face of the Russian invasion, there have been almost no German companies that completely shut down their operations in Ukraine. They opt to ‘keep their foot in the door’ because they know it’s worth it,” recently noted German Minister of Economic Cooperation and Development. At Deloitte, we – along with supporting our German clients that continue their activities in Ukraine – make every effort to strengthen cooperation between Germany and Ukraine.
The largest easing of currency restrictions since the start of the full-scale invasion
14 May 2024
The National Bank of Ukraine continues to ease currency restrictions imposed at the beginning of the full-scale war. This time, the regulator has introduced the largest easing of currency restrictions for business, in particular those related to payment for imported works and services, payment of dividends to non-residents, repayment of loans from non-residents, and other easing measures.
Cooperation between Japan and Ukraine
16 April 2024
Over the past few months, the Japanese government has paid much attention to deepening cooperation with Ukraine, both at the level of governments and at the level of promoting the development of business ties between the Japanese and Ukrainian companies.
Tax authorities report on the previous TP Campaign
6 March 2024
This week, the State Tax Service of Ukraine has released the latest statistics relating to transfer pricing (TP).
The State Sanctions Register is launched
7 February 2024
In July 2023, the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine on Imposition of Sanctions” came into effect. The Law provides for the creation of the State Sanctions Register.
Changes to the Report on Controlled Transactions and Transfer Pricing Annex to CIT Return
11 January 2024
In December 2023, the Ministry of Finance of Ukraine made public its orders (Order No. 673 and Order No. 725) introducing changes to transfer pricing reporting.
