Taxes
VAT
The State Fiscal Service of Ukraine in its letter “On Value Added Tax” of 10.12.14, № 14618/7/99-99-19-03-01-17 explained the specifics of the electronic VAT administration. The taxmen reminded of the legislative amendments for the VAT payers from 01.01.15. It is about the lack of the right of the tax credit on the appeal against the supplier, the change of rules of the tax assessment base in case of the goods (services) supply - not lower their purchase price, and for the non-current assets – not less than their book value. In addition, the limit for compulsory registration to UAH 1 million by the VAT payer will be raised.
The State Fiscal Service reminded that the commencement date of transactions using electronic account – 01.01.15 (for VAT payers). In the case of registration by the VAT payers after 01.01.15 – the date of VAT registration.
The VAT payers should transfer the funds from their current account to the electronic accounts by themselves in the amount of:
- necessary to increase the amount that is calculated according to p.2001.3 of the Tax Code of Ukraine (hereinafter - TCU), which gives the right to register the tax invoices (hereinafter – TI) in the Unified register;
- insufficient for the payment of the agreed tax liabilities to the budget.
The VAT reporting should be submitted only in electronic form in compliance with the registration conditions of an electronic signature of the accountable persons starting with the first reporting period in 2015 (January, I quarter).
TI and adjustment calculations should be made exclusively in electronic form and they are the subject to the mandatory registration in the Unified register regardless of the VAT amount. The same also applies to the TI, which are not issued to the buyers, and made by the services purchasers of the non-residents, which place of supply is in the territory Ukraine.
The TI, made in 2014, which registration period in the Unified Register falls between the term from 01.01.15 to 15.01.15, are to be registered without complying with the requirements for the availability of appropriate registration amount.
The amounts of tax liabilities declared in reporting from 01.01.15 are to be repayable from the electronic account. And the amounts of liabilities on the clarifying calculations, additional accruals based on the inspection results of the controllers as well as the fine and penalty are to be paid from the current account.
If the VAT payer, who applied the special regime, and declared the VAT amounts, that were to be paid in the budget, on his/her special account under the reporting period results, so the funds from his/her electronic account first were transferred to the budget, and only in case of full settlement with the budget – to the special account.
The negative value of VAT arose before 01.01.15 would not participate in the calculation of the registration amount. The VAT payers should keep the records of such negative value in the separate chapter and the appendix of the VAT declaration.
The State Fiscal Service of Ukraine in its letter “On the reflection of the tax numbers of the VAT payers in the customs declarations” of 15.12.14, № 15182/7/99-99-24-02-02-17 clarified the features of the filling of customs declaration form (hereinafter – CD) due to the introduction of the electronic administration system from 01.01.15.
Thus, the additional information about the tax number of the person, who claims VAT tax credit in the amount of the corresponding paid sum at the Customs, should be specified in the document:
- in column “B” of the CD on the blank of the unified administrative document;
- in column 'B' in paper form of the CD in line where the information about the VAT payment is specified, additionally in square brackets;
- when the declaration of goods under the CD of “IMXXYY” (where “XX” is the code of the relevant customs regime, and “YY” is one of the codes АА, ТК, ТФ, ТН, ЕА, ДР, ДТ, ДЕ, ДМ) indicating in the first column “Type” of line 47 of the CD code of the payment type “028”, and in column 5 “payment procedure” of the specified line of one of the codes of calculating methods “01”, “02” or “99”.
In addition, in the case of additional declaration submission to the CD or adjustments sheet, which provide the return by mistake and / or overpaid VAT amounts, the amounts should be compared with the registration amount, at which the payers is entitled to register the tax invoices in the unified register of tax invoices (URTI), that is calculated by the formula of p. 2001.3 of the Tax Code of Ukraine.
If the refundable VAT amount is larger than the registration amount by the formula – this is the basis for the refusal in the executing of the additional customs declaration or adjustments sheet. Accordingly, in this case, the taxpayer should credit his/her VAT-account to register the mentioned above documents.
The State Fiscal Service of Ukraine by its letter “Concerning the VAT taxation of sales transactions of New Year’s gifts for children” of 24.11.14, № 7309/6/99-99-19-03-02-15 reminded that the transactions on sale of children’s holiday gifts by the production and commercial companies were exempt from VAT taxation each year in the period from November 15 of the current year to January 15 of the next year as well as tickets for the New Year and Christmas events for children that were bought not only at the expense of the Social Security Fund of incapacity to work but also at the expense of labor unions and other non-profit organizations.
The State Fiscal Service of Ukraine in its letter “Concerning the taxation of import transactions of waste and ferrous and non-ferrous scrap metals” of 10.10.14, № 7066/7/99-99-10-04-02-1 emphasized that the benefit of p.23 of subsection 2 of the Tax Code of Ukraine on the transactions of supply and import of waste and ferrous and non-ferrous scrap metals was invalid in the period from 01.01 .14 to 17.02.14. Accordingly, such transactions were the subject to the basic VAT rate of 20%.
The controllers explained that there were not valid lists of waste and ferrous and non-ferrous scrap metals, to which the benefit norm of the TCU refered, as of 01.01.14.
In particular, the Resolution of the CMU of 12.01.11, № 15 was not extended, this Resolution established the benefit list of waste metal and its effect during the period from 01.01.14 to 17.02.14 was limited to only metal supply transactions in 2013.
Let us recall, that the taxmen had a different opinion about a month ago and stated that those transactions of supply and import of waste metal were exempt during the whole 2014, ie from 01.01.14 to 01.01.15.
The State Fiscal Service of Ukraine in its explanation “The basic regulations for the electronic VAT administration” of 04.12.14 with a particular focus on some important issues.
For example, tax invoices, resulting in VAT obligations before 01.01.15, and which should be registered in the Unified register of tax invoices but they haven’t been registered there before 01.01.15 (during the period from 01.01.15 to 15.01.15), are the subject to such registration without complying with the requirements of the existence of appropriate registration amount.
As to the amount of VAT obligations on the tax invoices executed for non-resident’s services in December 2014 (IV quarter of 2014), they are included to the tax credit in January 2015 (in the first quarter of 2015). They do not participate in the calculating of the registration amount.
The negative value of VAT, arose in the taxpayer during the reporting periods to 01.01.15, should not participate in the calculating of the registration amount. Its balance as of 01.01.15 is not canceled but is separately recorded as a part of VAT return for the reporting periods after 01.01.15 and compensated to the payers in automatic or normal modes by the rules and in terms prescribed by the TCU as of 31.12 .14. A separate paragraph and appendix is provided for the maintaining of its records in the project of new VAT return form, the controllers note.
The obligations amounts, declared in VAT returns for reporting (tax) periods from 01.01.15, are repaid from the electronic VAT account of the taxpayer. In turn, the amount of VAT obligations, which the payer identified in the clarify calculation to the VAT returns, and the VAT amounts, additionally assessed to the payer by the controlling authority according to the audit results (including fines and penalties), are paid from its current account instead of electronic account.
The State Fiscal Service of Ukraine under 101.30 notions of a publicly accessible information and reference resource reported that the unpaid VAT amounts by the taxpayers to the budget due to the VAT taxation transactions of the supply of medicines and medical devices at 7% rate were the tax benefits. This is because the rate is lower than the basic-20 percent rate, the fiscals explain.
They reason their position by the norm p.30.9 of the Tax Code of Ukraine, which states that the tax benefit is provided by establishing a reduced rate of tax and duty.
The fiscals give the following formula of the benefit amount:
BA = (V sup. – V pur.) х (the basic tax rate - the reduced tax rate), where:
V sup. – the volume of transactions of the supply of medicines and medical devices within the customs territory of Ukraine, taxable at 7% rate , - from Section 1 “Tax liabilities” of the tax return on value added tax;
V pur. - the volume of transactions of the purchase of goods / services, used in transactions of the supply of medicines and medical devices (including used for the production of such devices), taxable at 7% rate.
The State Fiscal Service of Ukraine clarified the rules of the tax credit formation on its publicly accessible information and reference resource. The statement of the refusal of the supplier to provide the tax invoice (or the failure of its filling or the registration in the Unified Register of tax invoices) is not the basis for the inclusion of the tax amounts into the tax credit from January 1, 2015. This appealing will enable the controllers to conduct the documentary unscheduled inspection of the seller and clarify the accuracy and completeness of his/her charging of the tax liabilities.
The fiscals base on the fact that the adjusted p.201.10 of the Tax Code of Ukraine says nothing about the possibility to include the amounts to the tax credit, those amounts according to which the taxpayer lodged a complaint against the supplier for his/her refusal to issue a tax invoice (or the failure of its filling or the registration in the Unified Register of tax invoices).
The State Fiscal Service of Ukraine in its letter “On problematic issues of administration of taxes and duties” of 03.12.14, № 136/6/99-95-42-03-16 reported its position on some issues arising in the administration of taxes and duties.
Thus, a complaint against the supplier under application form D8 to the VAT declaration does not give the right of the tax credit because it against the principles of electronic VAT administration system.
The filing of notification on the form № 20-ОPP electronically will be implemented in the presence of financing of this proposal.
The information service of the payer of value added tax about the withdrawal funds for VAT payment from VAT account is introduced.
The amount of penalty according to p. 118.2 of TCU for banks and financial institutions are not subject to reduction in order to prevent increasing of the violations number on the carrying out of the debit transactions on the account of the taxpayer.
PIT
The Cabinet of Ministers of Ukraine by the Resolution “On approving the list of needs, the amount of charitable assistance for the satisfaction of which is not included in the taxable income of the taxpayers on the individual income tax” of 26.11.14 approved the list of needs, the amount of charitable assistance for the satisfaction of which is not the subject to the individual income tax.
In particular, food provision (except alcohol, low alcohol beverages), provision of baby stuff and baby food, restoration of lost property, etc.
At that the amount of this charitable assistance should not exceed in aggregate during the reporting (tax) year of 1 thousand of minimum wages, established by the Law as of January 1 of the reporting (tax) year (UAH 1 million 218 thousand in 2014).
If the charitable assistance would be in excess of the established amount, the excess amount should be taxable at 15% rate (if the excess is ten-fold minimum wages-17%). And the payer will have to file an annual tax return indicating the amount of the charitable assistance.
The State Fiscal Service of Ukraine in its letter “On charitable assistance provided by the benefactor-a legal entity in favor of taxpayers – combatants or in favor of family members of combatants” of 05.11.14, № 6280/6/99-99-17-03-03-15 reported, the charitable assistance for such individuals was not the subject to the income tax (pp. 165.1.54 TCU) provided that the intended use of received funds (pp. 170.7.8 TCU).
The taxmen noticed: the benefactor-legal entity should control the intended use of received charitable assistance by the individuals. The charitable receiver should confirm to the benefactor his/her status of combatants, and the family members - their family relationships.
And only when the charitable receiver confirms the intended use of received funds to the benefactor, the benefactor- legal entity records the amounts of assistance in the tax calculation f. № 1DF with the mark of income “169”.
Income tax
The State Fiscal Service of Ukraine in its letter “On providing the methodological assistance” of 12.11.14, № 10346/7/99-99-15-02-01-17reported that the balance of advance payments when dividends payment, the amount of income tax liabilities was not reduced on it in the reporting period, did not form the overpaid tax amount. It is accumulated in the declaration of the reporting period, and then it is taken into account of reduction of income tax liabilities of the following tax periods in accordance with pp. 153.3.4 of the TCU.
The State Fiscal Service of Ukraine “On payment of the consolidated income tax” of 03.12.14, № 13127/7/99-99-19-02-01-17 stated that the payers of consolidated income tax in the mainland Ukraine, who have separate subdivision in the Crimea, pay the tax only at his/her location and placement of “mainland” branches. In this case, the indexes of the Crimean separate subdivisions are not taken into account in the reporting. Because, as it was reported, the latter could not pay the consolidated income tax. In turn, the Crimean companies, which have branches in mainland Ukraine, pay the tax on their own at the place of location. And their separate subdivisions pay at their place of location as the separate taxpayers.
Unified Social Contribution
The State Fiscal Service of Ukraine explained on the public information and reference resource that the amounts of the social security tax, paid from 14 April 2014 during the term of the ATO by the local companies, were non-refundable. The specified amounts of the social security tax are not charged against the future payments.
The taxmen explained this position by the fact that the calculated and paid social security tax for the accrued wages (income, cash cover) were not considered to be excessively or erroneously paid funds.
The Ministry of Finance of Ukraine by the Order “On the accounting procedure of the payers of the social security tax for compulsory state social insurance and the Regulations on the insurers register” of 24.11.14, № 1162 approved the procedure of registration of the social security tax payers for compulsory state social insurance and the Regulations on the register insurers respectively. Therefore, the tax authorities keep records of the payers of the social security tax as before. At this time, it is clearly specified what documents are used to keep this record:
1. the codes from the Unified State Register of the companies and Organizations of Ukraine – for the taxpayers legal entities and separate subdivisions;
2. the registration numbers of the record cards of the taxpayers legal entities or number and series of passport (for those who have an appropriate note in the passport of a rejection of such registration number);
3. the registration (accounting) numbers of the taxpayers that are assigned to the investors (operators) upon the production-sharing agreement, diplomatic missions and consular institutions of foreign countries.
The term is specified for persons, who intend to carry out an independent professional activity, and during this term they should apply for registration of the social security tax payer in the form № 1- UST.
This period is 10 calendar days after the state registration of independent professional activity.
The detailed terms are defined, according to the terms the taxmen issue a certificate confirming the absence of debts in respect of the unified social tax in the form № 3-UST when closing the legal entity or termination of the entrepreneur activity. It is issued to a responsible person of the social security tax payer not later than the third business day following the day of certificate registration in tax administration. The certificate is made after the social security tax payer has been documentary inspected on the correctness of accruing and payment of the social security tax and the debt has been paid by the payer in accordance with the certificate of inspection. The certificate is sent by post at the location of the payer after the expiry of three day limit.
10 working days after the inspection are given to the social security tax payer to pay the above mentioned debt. When there is a violation of this term, the controllers send the refusal to issue the mentioned certificate in form № 4-UST to the chairman of liquidation committee.
Mobilization and ATO
The Ministry of Finance of Ukraine by the Order “On approval of the Procedure of formation and maintenance of the Register of antiterrorist operation volunteers” of 30.10.14, № 1089 approved the procedure for the formation and maintenance of the Register of antiterrorist operation volunteers (hereinafter - the Register). The persons, who raise finance and goods to deliver it to the ATO area and to assist to the internally displaced persons on a voluntary basis, should be registered there. Such assistance is exempt from the income tax only in this case.
Among other things, the new document provides that the SFS establishes and administers the Register in electronic form and promulgates it on its website every following 10 day-period. The information about the ATO volunteers, which is included in the Register and not promulgated, is the classified information.
The individual – benefactor for inclusion in the Register submits to the SFS the following:
- the application for the inclusion/making amendments into the Register of antiterrorist operation volunteers in due form № 1-RV;
- the original and the copy of the document certifying registration in the State Register of the individuals - taxpayers or the passport page, which includes the data of the Identification Number of the taxpayer’ registration card from the State Register, or the passport pages, which includes the mark of the right to make any payments under the passport series and number;
- certificates (certificate) of the opening/termination of the account by the individual under the form № 1-RV (Appendix 4) intended for the charitable activities (except the accounts closed before 21 November 2013).
The documents should be submitted personally, by mail or through an authorized person. In addition, if the individual submits the documents personally, the passport is required, if by mail – the copy.
The State Fiscal Service of Ukraine by its Order “On amendments to separate orders of the SFS of Ukraine” of 15.12.14, № 367 changed the legal addresses of some STI in Luhansk and Donetsk regions. The SFSU brought its Orders on the actions of its local authorities in the ATO area in line with the Regulations of the Cabinet of Ministry of Ukraine “On the approval of the list of settlements where the State authorities do not implement its powers temporarily or do not implement it in the full” of 07.11.14, № 1085-р.
As a result, the list of the local authorities, which legal addresses were changed and engaged the functional responsibilities, was updated.
Temporarily occupied territories
The Cabinet of Ministers of Ukraine by the Resolution “On social payments to persons who move from the temporary occupied territory of Ukraine and the antiterrorist operation areas” of 05.11.14, № 637 resolved that the settlers from the Crimea and east would be able to receive all the State social payments according to the place of appropriate registration confirmed by the certificate.
In case of issuing this certificate to 31.12.14 the appointed or continued social payments for the settlers, before the entry into force of the Resolution, should be carried out at their actual place of residence (stay).
We emphasize that the certificate should be issued according to the registration procedure and issuance of the registration certificate of person who moves from the temporary occupied territory of Ukraine or the antiterrorist operation areas, approved by the Cabinet of Ministers of Ukraine of 01.10.14, № 509.
Control and responsibility
The Cabinet of Ministers of Ukraine by the Resolution “On amendments to paragraph 1 of the Resolution of the Cabinet of Ministers of Ukraine dated 17 October 2008, № 955” of 12.11.14, № 639 adjusted the Resolution “On measures to stabilize prices of medical products and medical devices” of 17.11.08, № 955. In particular, the norm of domestic medical products and medical devices, included in the National Essential Drugs and Medical Devices list (except narcotics, psychotropic drugs, precursors and medical gases), which wholesale price was lower than UAH 12 per package, were not the subject to the State price regulation, was excluded.
The prices for such medicines would be the subject to the State price regulation at the level of all others in the new year. The level of trading (retail) markup to their purchase price would be from 10 to 25%.
Labour and salaries
The Federation of Ukrainian Trade Unions on its official website reported that the Board of compulsory State Social Insurance Fund of Ukraine in case of unemployment (hereinafter - the Fund) decided to extend in 2015 the validity of the minimum unemployment benefit at the 80% rate of living minimum wage for able-bodied people. In addition, the Board considers that the labor market situation will be difficult next year and will require the operational measures to ensure the social protection of the population. Therefore, to ensure the financial stability it was decided to apply to the Ministry of Social Policy with a request to draft and introduce the legislation to the Government on increasing the size of the part of social security tax for compulsory State Social Insurance in case of unemployment in 2015.
Accounting and reporting
The State Fiscal Service of Ukraine by its Order “On approval of the State Register of the cash register” of 11.12.14, № 362 approved the new State Register of the cash register (hereinafter - the State Register). The list of the cash registers, which the business entities may use when carrying out of the payment transaction, is specified there.
The new State Register is supplemented with the new cash register models compared with the previous version.
The State Statistics Service of Ukraine by its Order “On the postponement of the working days” of 16.12.14, № 394 postponed the deadlines for the report delivery.
The State Statistics of Ukraine postponed the deadlines of submission of the State statistical monitoring forms, which provided for the reporting during January 1-2 and January 7-9 of 2015.
In addition, there are some changes in the work of the State statistics authorities in the period of New Year holidays. The working days postponed from:
Friday, January 2 – to Saturday, January 17;
Thursday, January 8 – to Saturday, January 31;
Friday, January 9 – to Saturday, February 14.
Financial Markets
The National Bank of Ukraine by the Resolution “On the settlement of the monetary market situation and exchange situation in Ukraine” of 01.12.14, № 758 freed the charitable assistance coming in foreign currency from the mandatory sale on the interbank market.
In addition, the bankers are allowed to issue the nominal savings certificates denominated in national and other currencies, with a maturity of not less than six months. Moreover the debt repayment under such certificates is carried out by the banks without sums limitation only after the period specified in the certificate. The National Bank kept the old requirement on the compulsory sale of 75% foreign exchange revenues and 90 days maximum term of the settlement of export-import operations. Now it is possible to buy the currency not more than 3 thousand per day by passport. And you can withdraw not more than UAH 150 thousand per day in the desk or from the ATM.
The Ministry of Finance of Ukraine by the Order “On amendments to the Procedure for opening and closing of accounts in national currency in the State Treasury Service of Ukraine” of 17.11.14, № 1139 amended the Procedure of the opening and closing of accounts in national currency in the State Treasury Service of Ukraine approved by the Order of the Ministry of Finance of Ukraine of 22.06.12, № 758 (hereinafter – the Procedure № 758).
In particular, if the client of the Treasury is reorganized and / or the client’s name is changed (without changing the EDRPOU code), the client’s accounts in the Treasury Service are not to be closed. This rule works for both budget and off-budget accounts. However, the set of documents provided for the opening accounts (except the application for the accounts opening) should be submitted within ten days after the relevant changes. Accordingly, the account details are not to be changed.
Another thing is when the client is given a new EDRPOU code due to changes. Then the client should close the existing accounts in the Treasury and open the new. Also, the Agreement form of settlement and cash services is stated in a new version. It should be applied from 01.01.15.
The National Bank of Ukraine by its letter “On the Procedures and Regulations during the completion of the reporting year” of 08.12.14, № 25-205/73085 established for the bank system a special work procedure for 29-31 December 2014 and 5, 6 and 8 January 2015.
In particular, 29 and 30 December the electronic banking system will accept the initial payments to 10 p.m. The confirmation system of agreements on the interbank 29.12.14 will work to 5 p.m., and 30.12.14 will be the day off. The banking day in the electronic banking system 31.12.14 and working day of NBU depositary will end at 3 p.m. The bankers should finish all the settlements with the clients 30.12.14.
Friday business day (02.01.15) for the banking system is moved to Saturday (17.01.15). 05.01.15 the banking institutions will work without customers and the banking system will work in the ordinary course 6 and 8 January.
The bankers should ensure the smooth operation of the ATMs for the period from 1 till 7 January 2015 (inclusive).
In addition, the National Bank authorized the banks as required to carry out currency exchange transactions with foreign currency in cash in exchange offices from 1 to 5 January 2015 and 07.01.15.
Other things
The Verkhovna Rada of Ukraine by the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine regarding some issues of inheritance” of 20.10.14, № 1709-VII simplified the registration procedure of inheritance and the registration of heirship on their heritage in the rural-type settlements. In particular, the local authorities of the rural-type settlements would be appropriate empowered.
The authorized officials of local government authority will have the right to register the inheritance. The officials should have a law degree, experience in the field of law for at least 3 years, those who have been trained for a year in the state notary office or in the private notary, have finished their education on the working with the Single and State registers functioning in the Ministry of Justice system, and who have passed the inheritance law exam.
Also, the mentioned officials would carry out the State property registration inherited by the first and second lines of inherits by the Law (as in case if they are law heirs as well as testamentary heirs) and by representation as well as the registration of community property rights on the part in the event of the death of one spouse.
In addition, the estimate of the inherited property is not to be implemented in case of inheritance by the first and second lines of inherits by the Law (as in case if they are law heirs as well as testamentary heirs) and by representation as well as property inheritance, the value of which is taxed at a zero rate.
The Cabinet of Ministers of Ukraine presented its work program by the Resolution “On approval of Activity program of the Cabinet of Ministers of Ukraine” of 09.12.14, № 695.
In particular, the Government proposes in 2015 the following:
- to reduce the number regulatory agencies to 28;
- to decentralize the power by amending the Budget and Tax Codes of Ukraine as well as to decentralize the responsibilities in the sphere of the Architectural and Construction Control;
- to implement a new Law on Civil Service. It is also planned within two years to reduce the public sector by 10% and to increase the wages of government employee at the expense of this;
- to reduce the number of taxes from 22 to 9 and at the same time to reduce the single tax rates twice;
- to reduce the social security tax rate to 15% and to consolidate all Social Insurance Fund;
- to approve the new Labour Code.
In addition, the Cabinet plans to introduce a moratorium on the audit of controllers over the next two years (in 2015-2016), to introduce e-governance, to reform the law enforcement system (to convert the milicia into police and to create a National Bureau of Investigation) and the court system.
The educational and the health-care systems are planned to be reformed. In particular, in 2016 the government is going to introduce an independent system of higher education quality assessment and new rules for licensing and accreditation of Institutions of Higher Education. And it has been already planned to create a single three-level hospital system in 2017: local hospitals - regional hospitals - national reference centers.
The State Treasury Service of Ukraine by the Order “On Amending the Order of the State Treasury of Ukraine dated 29.07.2014 № 214” of 28.11.14, № 327 extended recently introduced service Procedure of the budgetary funds managers under the principle of “single window”. Thus, all the budgetary funds managers may be serviced at will under such principle in the office of the Treasury from 1 January 2015.
Let us recall, the Treasury implemented in July 2014 a pilot project on the treasury service of certain budgetary funds managers under the principle of “single window”. All the information required for the registration and payment of the budget commitments and budget commitment of finance can be transferred to the treasurers through “single window”.
The Ministry of Justice of Ukraine by the Order “On Amendments to Requirements for writing the name of the legal entity or its separate division” of 10.12.14, № 2095/5 specified the procedure of the writing of the legal entity name.
The Requirements for writing the name of the legal entity or its separate division, approved by the Order of the Ministry of Justice of Ukraine of 05.03.12, № 368/5 (hereinafter - Requirements № 368), are adjusted.
According to the amended document:
- the name of the lawyer's offices should include the surname of the lawyer, who developed it;
- if the legal entity has not received the status of the volunteer organization, the legal entity could not use the phrase “volunteer organization” in his/her name or activity;
- the business entities could use the phrase “holding company” (“State Holding Company”) and its derivatives only if their constituent documents and activities meet the requirements of the Law of Ukraine “On Holding Companies in Ukraine” of 15.03.06, № 3528-IV.
At the same time the uppercase and lowercase letters, indicated in the constituent documents and registration card, are considered to be identical.
