New tax and authorized notices; Legal guidelines & Proposals – Taxes

Ukraine:

New tax and legal notices; Laws & Suggestions

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July was literally “hot”, and not just because of it

the temperature records, but also because of the great attention paid to the new

Laws and Proposals. According to the officials, more

Transparency and clarity must be brought in

Ukraine.

Law #1525-IX,

known as "Tax on Google".

From 01.01.2022, non-resident

Companies providing e-services in Ukraine and

do not have to have a permanent establishment (PE)

Counting20%

VATtax . types of

E-services that are affected:

paid access to e-books, images, texts, videos and others

Information;
Access to search engines and databases;
Online teaching, virtual courses and classes;
Cloud-based solutions and remote software;
Marketing and Promotion.

The law will mainly affect large IT companies: Google,

Apple, Booking, Netflix, Coursera and others. It will, however

will not have an impact on companies that make their

Services provided by local operations.

Bill #4572Above

the reform of the State Property Fund.

On July 15, Parliament has a first reading

passed the new reform of state property

Fund that enables the following operations:

Primary Public Placement (IPO) for state-owned companies;
State enterprise privatization, for debt

Exceeds 50% of the assets.

Bill5798the

is rewarded for video fixing accidents.

The Verkhovna Rada registered on July 16

the bill, according to the witness of

Misconduct can receive a 10% reward through Dija. the

Government proposal allows photo and video fixation of

Wrongdoing.

Bill5600Above

Property tax and property tax.

Though sent for refinement, this bill was one of

the hottest discussions this summer as they are introduced

several changes for:

Property owners (18% tax on sales instead of 5%)
Agricultural owners (new tax – minimum tax

Liability)
Accountant (last year's losses are repaid gradually, no more

than 50% per year).

The content of this article is intended to be general

Instructions on the subject. Expert advice should be sought

about your particular circumstances.