The Verkhovna Rada of Ukraine approved the Law 'On the State Budget for 2014' For the adoption of the bill as a whole voted 249 deputies, while 226 only have been needed. The State budget revenues are UAH 392.6 billion, including revenues of the general fund – UAH 342.7 billion. Expenses and loans provided in the State Budget amounted UAH 471.3 billion, including the general fund - UAH 471.3 billion. Limit amount of the State budget deficit for next year is expected to reach UAH 71.6 billion, which is about 4.3% of GDP.
In the State Budget for 2014 provided an enabling fiscal policy aimed at the continuation of the gradual improvement of living standards.
In order to provide appropriate social protection of every citizen of Ukraine this year provided a phased increase in the living wage and minimum wage.
The text of the amended edition of the budget 2014 has not yet been made public.
The President of Ukraine issued a decree of 30.12.2013 № 717/2013 'On additional measures for state support of arts and culture in Ukraine'. According to the decree the Cabinet of Ministers has to develop and adopt an action plan for the development of arts and culture in Ukraine in the medium term, it is envisaged, in particular, the maintenance of the concert organizations, professional artistic groups, cultural institutions, theaters, museums, libraries, publishers, clubs, historical and cultural reserves, other cultural institutions primarily in the countryside, repair pre-school buildings or premises where they are located, and modernize their material and technical base, ensuring availability of cultural institutions for various categories of the population, etc.
The Cabinet of Ministers by its decree of October 17, 2013 № 948 'On approval of the Program on modernization of heating systems for 2014-2015' (hereinafter - the Program) approved the document and instructed the Ministry of Regional Development, Construction and Housing and Communal Services and the Ministry of Finance to carry out tasks and activities specified by this document include the drafting of the State Budget of Ukraine for the year amounts budget allocations based on the capabilities of the State budget and other sources of funding to ensure the preparation and approval of necessary legal acts.
Council of Ministers of the Autonomous Republic of Crimea, regional, Kyiv and Sevastopol city state administrations instructed to consider the position of the document in the development of regional programs to modernize heating systems and provide local budgets expenses necessary to perform the tasks and activities of the Program.
The Ministry of Revenue and Duties of Ukraine by its letter of 05.12.2013 № 6366/І/99-99-17-02-02-15 'On taxation of personal income tax allowances for temporary disability, received a single tax payer,' recalled that temporary disability benefits provided to the insured face in the form of material support, which is fully or partially compensate for the loss of wages (income) in the case of one of his insurance claims, in particular, temporary disability due to illness or injury not related to the industrial accident.
Considering that temporary disability benefits fully or partially compensate for the loss of income, the amount of assistance is not the proceeds from the sale of goods (works, services) of a natural person - entrepreneur and, accordingly, are not subject to the single tax, and therefore taxed at personal income on a common basis at the rates specified by paragraph 167.1 of Art. 167 of the Tax Code of Ukraine.
The Ministry of Justice of Ukraine by its order of 23.12.2013 № 2720/5 approved the Regulation on the State Sanitary and Epidemiological Service of the State Penitentiary Service of Ukraine.
National Commission on Securities and Stock Market (NCSSM) by its Decision № 2826 of 03.12.2013, 'On Approval of the Regulation on information disclosure by issuers of securities' approved the document.
Regulation extends to issuers on securities and foreign non-resident issuers, including international financial institutions, securities of which allocated or admitted to trading on the territory of Ukraine.
Regulation does not extends to issuers of government securities, investment certificates, shares of corporate investment, which have concluded agreements on asset management corporate investment with asset management company.
Issuers of local bonds subject to the disclosure requirements in annual regular information.
Issuers of securities are required to disclose information on the stock market in the following way:
- organize information in a publicly accessible database NCSSM;
- publication in one of the official publications of the Verkhovna Rada, the Cabinet of Ministers or NCSSM;
- presentation of information in NCSSM.
Issuers prior to the submission of information in NCSSM placed on its website.
Regular annual disclosure of information is carried out in terms of:
- • publication in a publicly accessible database NCSSM - no later than 30 April of the year following the reporting year;
- • publication in an official publication - no later than 30 April of the year following the reporting year;
- • presentation in NCSSM - no later than June 1 of the year following the reporting year.
National Commission on the State Regulation of the Financial Services Markets by its order 'On Approval of amendments to some legal acts of National Commission on the State Regulation of the Financial Services Markets and the State Commission for Regulation of Financial Services Markets' of November 26, 2013 № 4278 obliged legal entities, raising funds to finance construction projects , have their own websites . On the site licensee shall publish relevant information about yourself (name, location , phone number, initials of the head ), as well as the disclosures required by law about financial services.
