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.