ExplainerProtection of the Ukrainian Language
In April 2019 the Verkhovna Rada adopted the law on the protection of the Ukrainian language. We explain what it means for business.
Insights
Articles and practical guidance from UHY Prostir specialists on audit, accounting, HR administration, reporting, payroll, tax and legal matters in Ukraine. These materials are for Ukrainian and international businesses, non-profit organizations and teams working on donor-funded and grant-funded projects.
- ExplainerRead
ExplainerReadProvisions of the Tax Code of Ukraine on Corporate Income Tax Returns
In this article, we will try to understand the nuances and intricacies of taxpayers applying the provisions of sub-paragraph 140.5.4 of the Tax Code of Ukraine when preparing profit tax declarations for the reporting periods of 2018.
ExplainerReadPublic Performance of Video Content
Some owners of food industry establishments have never even heard of the obligation to provide the author with monetary (or other – by agreement) remuneration for the public display of video clips and films in their establishment.
ExplainerReadReimbursement of Foreign Passport and Visa Application Costs
Quite often, enterprises arranging business trips abroad face the issue of obtaining foreign passports for employees and visas for countries where entry requires permits. However, the question of compensating such expenses is not entirely clearly regulated by legislation.
ExplainerReadRevaluation of Property, Plant, and Equipment
When accounting for non-current assets, enterprises may encounter a situation where a fixed asset is on the balance sheet, and its initial cost equals the amount of accumulated depreciation.
ExplainerReadSale of Representative Office Assets
Non-residents can open two types of representative offices in Ukraine, and the tax treatment of selling their assets differs. We explain the specifics.
ExplainerReadSoftware Acquisition and Hosting Lease
A client asked us how to account for the acquisition of software and payments for hosting. We explain the tax treatment.
ExplainerReadSpecifics of VAT Taxation for Re-export Transactions
Are re-export transactions subject to VAT? A client asked us to clarify the specifics of the VAT treatment of re-exports — here is our analysis.
ExplainerReadTax Accounting for the Sale of Financial Investments
Today, we will try to understand a complex issue: the tax accounting of operations involving the sale by a corporate income tax payer of its own financial investments, which were accounted for by it in financial accounting using the equity method.
ExplainerReadTax Implications of Providing Corporate Apparel to Employees
In our opinion, corporate clothing is clothing that contains any sign (signs) that allows it to be identified with the enterprise or with the goods (works, services) produced and/or sold by it.
ExplainerReadTax treatment of fines
Last month, we discussed the specifics of applying sub-paragraph 140.5.10 of the Tax Code of Ukraine (hereinafter – TCU), and this time we will try to understand the nuances of applying sub-paragraph 140.5.11 of the TCU.
ExplainerReadTaxpayer Application of Sub-paragraph 140.5.4 of the Tax Code of Ukraine
In the previous article, we began to delve into the nuances and intricacies of taxpayers’ application of the norms of sub-paragraph 140.5.4 of the Tax Code of Ukraine.
ExplainerReadVAT Treatment of Services Acquired by Non-Profit Organizations
In the process of auditing the general and/or project financial statements of non-profit organizations, we very often encounter transactions involving the acquisition of various services (consulting, legal, translation, advertising, seminar organization, etc.)
ExplainerReadVideo Consultation: How to Claim a Tax Deduction for Education
In this video consultation, we explain how to claim a tax deduction if you pay for educational services for yourself or your close relatives.
ExplainerReadWhat Are the Peculiarities of Pledging Goods
A significant number of sale and purchase agreements today involve an additional obligation – the delivery of goods by the seller to the buyer.
ExplainerReadMajor Transactions: Key Issues
The rules on major transactions caused the biggest stir among the innovations of the new LLC law. We break down the key issues.
ExplainerReadNew Requirements and Director Liability Under the New LLC Law
The new LLC law brought new requirements for company directors and expanded their liability. We review what changed.
ExplainerReadNon-Resident Loans: Repatriation Tax Payment
Cooperation with non-residents almost always entails tax consequences for the enterprise.
ExplainerReadNetting in Foreign Trade: Is it Permissible?
Is netting permissible in foreign trade settlements? The National Bank has softened its position — we explain what is now allowed.
ExplainerReadEmployee Received a Call-Up Notice and Is Not Responding: What the Employer Should Do
Case study for employers in Ukraine: checking an employee's status after a call-up notice, clarifying the absence and correcting HR records.
ExplainerReadNGO directors: unpaid work, FOP services and non-profit status
Employment, unpaid roles and sole proprietor services for NGO directors in Ukraine. Key distinctions, conflicts of interest and non-profit status.
ExplainerReadSuspension of the Employment Contract, Idle Time or Unpaid Leave: What the Employer Should Choose
Suspension of an employment contract, idle time or unpaid leave in Ukraine: grounds, pay, documents and employer steps under martial law.