The President of Ukraine has signed the Law of Ukraine 'On Amendments to the Tax Code of Ukraine on the rates of certain taxes' of 19.12.2013 № 713-VII, which entered into force on 1st January 2014.
VAT rate in 2014 remained at the same level - 20%. From January next year it will fall to 17%.
Exemption from VAT on domestic deliveries operations and export of cereals commodity positions 1001 - 1008 by УКТ ВЭД and industrial crops of commodity positions 125 and 1206 by УКТ ВЭД (excluding delivery and export directly to producers of these crops and the first customers) become termless. Exception - cereal positions of 1006 and 1008 10 00 00. They are taxed in general order.
Income tax rate in 2014 is 18 %, in 2015 will be 17 % and only in 2016 will drop to 16%.
Negative financial results from operations with securities formed on January 1, 2014, is not considered when determining the financial result from transactions with securities on the results of the tax periods in 2014 .
By Law envisaged increasing the excise tax on alcohol and alcoholic beverages, as well as collection of the tax from operations to refurbish imported to Ukraine vehicles excise cars.
The Cabinet of Ministers of Ukraine by its Resolution 'On Amendments to Certain Regulations of the Cabinet of Ministers of Ukraine and Invalidation of the Cabinet of Ministers Resolution of 14 May 2012 № 456' of 25 December 2013 № 955 abolished the status of a document of strict accountability for a number of forms, including:
- Employment records of employees;
- Licenses for the import and export of ethyl, cognac and fruit;
- Driving license;
- Receipt of providing consumer services to producers, who are not using PPO;
- Receipts, acts of reception and transmission vehicles enterprises - manufacturers of such vehicles and their component parts with identification numbers.
Available balance of strict reporting forms must expend in full.
In connection with the transition of manufacturing activities blank documents of strict accountability in the category of unlicensed canceled list of forms of securities, documents of strict accountability, economic activity for the production of which is subject to licensing.
The Cabinet of Ministers of Ukraine by its Resolution 'Some implementation issues of subparagraph 11 of paragraph 4 of Section XXI 'Final and Transitional Provisions ' of the Customs Code of Ukraine and the second paragraph of paragraph 28 of subsection 2 of section XX' Transitional Provisions 'of the Tax Code of Ukraine' of 25.12.2013 № 954 has approved :
- List of goods (except for excisable goods and commodities groups УКТВЭД 1-24) operations for imports which are exempt from VAT and import duty, if such goods are not produced in Ukraine and imported for the duration of projects (programs) by ITA given in accordance with the initiative of Big Eight ' Global Partnership Against the spread of Weapons and materials of Mass Destruction';
- Import order of such goods.
The Cabinet of Ministers of Ukraine by its Resolution of 18.12.2013 № 935 approved the list of kinds and categories of vehicles, from year construction of which expired 30 years or more, not intended for commercial carriage of passengers or goods, with the original engine, carbody and (if available) frame saved and restored to original condition and pertaining to collectibles or antiques.
Importers of these vehicles are exempt from the recycling environmental tax.
The Ministry of Revenue and Duties of Ukraine by its Order of 30.12.2013 № 891 approved the Guidelines on application of the criteria in case of compliance with which VAT payer is considered with a positive tax history.
One of the conditions for assigning tax story positive status is compliance with criteria established by paragraph 200.19 TCU (in case of submission of tax declarations and refund of budgetary compensation, reflected in such declaration).
Despite the fact that the calculation of compliance with the criteria, established by paragraph 200.19 TCU, offered only if the declaration of the amount of budgetary compensation in line 23.1 of the VAT declaration, the payer is considered with a positive tax history not only for the declaration of the amount of budgetary compensation in the current account in the bank in each of the 36 consecutive months previous, if at least one of the 36 consecutive months of the previous declaration provides other indices of declaration.
The Ministry of Revenue and Duties of Ukraine in its letter of 25.10.2013 № 14054/6/99-99-19-03-02-15 noted that the TCU does not entitle the company to determine the list of tax expenditures, in particular, in the Regulation of Executive costs.
Therefore, the cost of the promotional events for the reception of both domestic and foreign delegations may be included in the costs taken into account in determining the object of taxation, if any, in particular, the order for a formal reception, inviting representatives (delegations) and their response, the cost estimates, acceptance certificates; activity report; goods issue slips, etc., and other completed primary documents confirming the relationship of such costs from the payer's business activities, including the costs of transport service, translator support, if he is not a staff.
National Commission for the State Regulation of Financial Services Markets (NCSRFSM) by its decisions of 26.11.2013, № 2672, № 2669, and decision of 15.10.2013, № 2363 approved:
- Regulation on the requirements for the contract on valuation the value of real estate of collective investment institution;
- Regulations on features of accounting operations of collective investment institutions;
- Changes to the Rules for consideration of cases of violation of legal requirements in the securities market and sanctioning.
