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The government intends to reduce the number of inspections of business by 15-30%

Posted in News.

The corresponding package of amendments to the normative acts was adopted at a meeting of the Cabinet of Ministers. The government approved a package of amendments to the normative acts, which would subsequently significantly simplify the opening and running of business in Ukraine The package of changes includes 10 directions,…

Ukraine will review preferential treatment and agreements on double taxation.

Posted in News.

Ukraine should ensure the taxation of profits where additional value is created, and also abolish harmful preferential treatment. The Ukrainian government has developed a road map for the implementation of the OECD plan to counteract the erosion of the tax base (the BEPS plan). This is reported in the Ministry…

The business will no longer require a stamped agreement from July 2017

Posted in News.

Since July 19, 2017, officials, fiscal officials and bankers will be brought to administrative responsibility for the requirement to certify the contract with the stamp. In March, the Verkhovna Rada endorsed the bill, which cancels the mandatory presence of printing companies on the official documents. In April, a law signed…

Inflation in Ukraine slowed to 0.9% in April

Posted in News.

Since the beginning of the year, consumer price growth was 4.9%, according to the State Statistics Service. Inflation in Ukraine in April fell to 0.9% compared to 1.8% in March, 1% in February and 1.1% in January, according to the State Statistics Service of Ukraine. From the beginning of 2017,…

Local budgets in 2017 increased by one third.

Posted in News.

The Prime Minister of Ukraine Vladimir Groysman said that for 4 months of 2017 local budgets increased by almost 35% due to decentralization. Due to decentralization, local budgets increased by 34.9%. “Decentralization is valid – for the first four months of 2017, local budgets increased by 14.5 billion UAH,” Prime…

Fitch affirms  rating of Ukraine

Posted in News.

The international rating agency Fitch has worsened the forecast for GDP growth in Ukraine in 2017 from 2.5% to 2% and confirmed the long-term issuer default rating of Ukraine in foreign currency at the B- “Ukraine’s GDP grew by 2.3% in 2016, which exceeded expectations, but the blockade will have…

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