From 01 January 2021, the issue of reporting and taxation of consolidated profits will become relevant for all Ukrainian citizens and Ukrainian companies that have shares in foreign companies, as defined in the Tax Code of Ukraine. What is a CFC (controlled foreign company)? CFC is a company registered in a foreign state or territory…
DetailsIf the price of the deal exceeds 50% of the net assets of the Ukrainian LLC, the director has to obtain the approval from the shareholders of such company. This rule is stipulated in the Art. 44 of the Ukrainian law “About limited liability company and company with additional liability” (the law). Most of the…
DetailsIf IT-company in Ukraine does not use the unified tax system (so called “simplified taxation”), than VAT-issue rises. According to the Tax code of Ukraine all goods, works and services, supplied on the territory of Ukraine shall be subject for VAT (20%). However, p. 26-1 of subsection 2 section XX of the Tax code of…
DetailsAccording to the Ukrainian anti-laundering law and Ukrainian law about registration of companies, each Ukrainian entity has to file information about its beneficial owners and structure of its ownership (template of the structure is set out by Ukrainian Ministry of Justice). Moreover, each Ukrainian company is obliged to confirm such information annually. If the foreign…
DetailsIf you need to obtain the extract from the Ukrainian register about civil status (birth, marriage, divorce, death etc.) and you reside not in Ukraine, lawyers of the Ukrainian law firm Zilver may assist you with this issue. With power of attorney our lawyers will obtain required extract (document, file) about civil status registered in…
DetailsLaw No. 466-IX of 16.01.2020 introduced numerous changes to the tax legislation of Ukraine. Such changes include, but not limited to, the rules of collecting corporate tax from a Ukrainian company if it gets revenues from “offshore” companies or certain organizational and legal forms of companies in certain countries. In particular, the financial result is…
DetailsThe law firm Zilver provides you the sample of the contract with Ukrainian IT-contractor, which may be used without legal assistance of Ukrainian lawyers. We strongly recommend to execute contracts with Ukrainian subcontractors only with help of Ukrainian lawyers, but if you want to use some sample of the contract, you may use following one.…
DetailsAccording to the Ukrainian Law ((https://zakon.rada.gov.ua/laws/show/530-20) and Decision of the Cabinet of Ministers of Ukraine concerning amendments in migration regulations with caused by quarantine all foreigners, who have not left Ukraine or have not prolonged/changed the temporary resident permit in Ukraine or permanent residence permit in Ukraine shall: Be free of any liability for…
Details