Taxes
Income tax
The Ministry of Revenues and Duties of Ukraine by the letter № 7057/6/99-99-19-03-02-1513 of 17.07.2013 clarified that the transactions conducting by the taxpayer of operations on sale/exchange of goods or services provision related to such taxpayer persons or on operations with goods made on commission, all expenses incurred in relation with such operations shall not exceed the income derived from them, that is, these operations do not result to losses in tax accounting.
Personal income tax
The Ministry of Revenues and Duties of Ukraine by the letter № 2618/5/99-99-17-03-03-16 of 30.04.2013 informed that the Form of tax revenue for amounts calculating, accrued (paid) for the benefit of taxpayers, and the amount of taxes withheld (Form № 1 ДФ) and the Procedure for its completion and submission by tax agents in the state tax service approved by order № 1020 of the State Tax Administration of Ukraine of 24.12.2010, which came into force on 1 April 2011. According to subpar. 3.1.13 of par. 3.1 of the Procedure in column 2 “Tax number or passport series and number” is displayed registration number of taxpayer registration card or passport series and number of an individual (for individuals who because of their religious beliefs refused to receive the registration number taxpayer registration card and have notified the relevant tax authority, and are marked in the passport) about which provides information in the tax calculation.
Value added tax
The Ministry of Revenues and Duties of Ukraine by the letter № 5788/6/99-99-19-04-02-15 of 26.06.2013, informed that in case of submits by taxpayer of refining calculation to value added tax declaration for January 2013, in which corrected figure in line 24 of declaration, the meaning of column 6 of such line is taken into account when determining of the meanings of the lines 21.2 and respectively 24 of the VAT tax declaration (on condition that such meaning in future accounting periods do not influenced at the meaning of line 25 or line 23 (23.1 or 23.2):
- for March 2013, if refining calculation is presented in March 2013 as an independent document;
- for April 2013, if refining calculation is presented in April 2013 as part of the VAT declaration for the accounting period - March 2013.
The Ministry of Finance of Ukraine by the letter № 31-08120-10-10/18039 of 13.06.2013, reported that has filed a request to the Ministry of Revenues and Duties of Ukraine on tax clarification preparation with relation to the procedure of mapping in the tax invoice of the above information from the moment of entry into force of the amendments made to the relevant normative legal acts, such as letters № 1272/0/71-12/15-3117 of STSU of 21.08.2012.
Other taxes and fees
The Ministry of Revenues and Duties of Ukraine by the letter № 4620/6/99-99-22-02-04-15 of 10.06.2013 relative refund of excess taxes withheld period reported that the supervisory authority no later than five working days before the ten-day period of the submission date of application by taxpayer prepares the conclusion on the corresponding amounts return of funds from the appropriate budget and submits it to perform to the appropriate authority, which provides budgetary funds treasury services (par. 43.5 of Art. 43 of the Tax Code of Ukraine). Because the Code norms shall not contain the references to the definition of “twenty-day business days” and, under the Part 2 of Art. 19 of the Constitution of Ukraine, state and local self-government authorities, their officials must act only on the basis, within the limits of powers and in the manner as established by the Constitution and laws of Ukraine, paragraph 43.5 of Art. 43 of the Code said about calendar timing.
The Ministry of Revenues and Duties of Ukraine by the letter № 4925/6/99-99-19-04-03-15 of 14.06.2013 has clarified the issue of bringing to responsibility for failure to report for a special tax on transactions for the securities carve-out and derivatives transactions and informed that at the time of tax return filing for a special tax on transactions for the securities carve-out and derivatives transactions on the I quarter of 2013 has been not approved such declaration form and made public. There is no reason to bringing responsibility for its failure. ()
Control and responsibility
The Ministry of Health of Ukraine by the order № 572 of 03.07.2013 excluded from the Licensing Conditions for the business on medicines produce, the wholesale and retail sale of medicines provision according to which in name of the pharmacy institutions, in the sign of the goods and services under which the pharmacy institution carries out its activities, in signboards and outdoor advertising of pharmaceutical institutions are not allowed to use any information containing allegations about the level of trait prices and the social orientation of pharmacy institutions that may affect consumers' intentions regarding the purchase of goods in such pharmacy institution.
The Ministry of Revenues and Duties of Ukraine by the letter № 1101/Н/99-99-15-04-01-14 “On the procedure of administrative tax penalty application” of 13.05.2013 clarified that lasting violations is terminate if their presence is found by the competent authority in the inspection (for example, in the case of such misdeeds: the lack of revenue and expenses accounting for which are set the mandatory registration form (accounting of the results of business activities in accordance with the requirements of applicable law), taxation objects accounting, keeping its with violation of national regulations (standards) of accounting and other offenses related to the accrual of taxes and which can be set only by the documentary inspection on the basis of primary documents).
The Ministry of Revenues and Duties of Ukraine by the order № 165 of 14.06.2013 approved the Guidelines for the organization and conduct of cameral tax inspections of tax reporting of taxpayers, except for tax declaration inspections on property situation and income and tax declaration of single tax payer-individual-entrepreneur. In particular, it is determined that a cameral inspections of the data declared in tax reporting, should be held within 30 calendar days (unless otherwise provided by the Tax Code), following the deadline for receipt of such statements.
The Ministry of Finance of Ukraine by the order № 374 of 06.03.2013 approved the Licensing terms for the business in collection, initial processing of waste and scrap of precious metals and precious stones, organogenic precious stones, semi-precious stones, as well as the Procedure for above license conditions abidance. Approved licensing conditions are required for economic entities, regardless the organizational and legal form and ownership, which operate on the collection, initial processing of waste and scrap of precious metals and precious stones.
The Ministry of Justice of Ukraine by the order № 1284/5 of 27.06.2013, approved the Procedure on monitoring for the insolvency practitioners activities (asset managers, financial rehabilitation managing, liquidators), which applies to all individuals who have received a certificate in the prescribed manner on the right to perform activities of insolvency practitioners (asset manager, financial rehabilitation managing, liquidators).
The Ministry of Internal Affairs of Ukraine by the order № 521 of 29.05.2013 approved amendments to the Regulations on the procedure for the acquisition, distribution and storage of special means of members of community groups for the protection of public order, which, in particular, clarified that the issuance of special personal protective equipment and self-defense, charged by substances of tear and irritating action, members of community groups for the protection of public order, which involved by public safety officers and for the protection of public order, if a person has Identification of the public formation member for the protection of public order on the basis of statements approved by formation head or a person fulfilling its duties, which contains the seal of the formation and agreed with the Deputy head of Local Office of the Ministry of the Interior – the chief of Public Security Militia or a person who performs his duties.
The Ministry of Revenues and Duties of Ukraine by the order № 232 of 3 July 2013 approved the Procedure of interaction between territorial form units of the Ministry of Revenues and Duties of Ukraine on the organization and control over timeliness, reliability, accrual and payment completeness of excise tax by payers.
The Ministry of Revenues and Duties of Ukraine by the letter № 9069/7/99-99-22-02-03-17 of 21.06.2013 informed about inspections carrying out by territorial authorities of the Ministry of revenues and duties and noted that procedure of registration of such inspections results is regulated only by rules of the Customs Code of Ukraine and its subordinate legislation normative acts. Also, if necessary, Main Administrations have the right to include in the working group on documentary inspection carrying out (with appropriate certificate for the audit) of the officials of the customs of the Ministry of Revenues and Duties (by prior agreement with the head of a customs).
The Ministry of Revenues and Duties of Ukraine by the letter № 10033/7/99-99-22-03-03-17 of 02.07.2013 obliged territorial authorities of the Ministry of Revenues and Duties in case of goods import into the customs territory of Ukraine:
to provide inspections required by law to protect the rights intellectual property rights by goods imported into the customs territory of Ukraine, including the availability in customs declaration detailed information about the objects of intellectual property rights (in particular data on the labeling, availability of the trademark and its title, manufacturer, etc.);
to carry out inspections of cases of customs clearance of goods which, by their code, name and contained in the customs declarations are the same characteristics as amended by the customs register of utility model, but information about significant differences from such of sample data in the product description is missing;
during the documentary inspections of business entities, including scheduled inspections in the III quarter of this year, pay attention to the issues of tax compliance in operations with the objects of intellectual property (literary and imaginative works, computer programs, compilation of data (databases), inventions, utility models etc.).
The Ministry of Infrastructure of Ukraine by the order № 321 of 28.05.2013 approved the Licensing conditions for the business of services providing on the passenger transportation and dangerous goods transportation, luggage by rail which apply at all entities regardless their organizational and legal form and ownership which carry out economic services in activities providing on the passenger transportation services and dangerous goods transportation, luggage by rail.
The Ministry of Agrarian Policy and Food of Ukraine by the order № 341 of 31.05.2013 approved the Licensing conditions for economic activity associated with industrial fishing, except for inland water bodies (ponds) of commercial units, which, inter alia, determined that the fishermen who carry out commercial fishing as part of licenceholder production units shall have full or basic general secondary education without requiring of work experience.
The Cabinet of Ministers of Ukraine by the resolution № 447 of 22.05.2013 approved the Procedure for seeds batch labeling. It defines that, depending on the origin, crops, breed and category, generation, crop year shall be subject to labeling each batch of seeds, which is carried out within a month by the agriculture state inspectors of State Inspection of Ukraine's agriculture territorial authorities on a paying basis.
Single Social Contribution
The Pension Fund of Ukraine by the letter № 16135/03-20 of 21.06.2013 informed that business entities which carry out the realization of watches made of gold and precious stones, do not pay the fee for mandatory state pension insurance from transactions on the sale of jewelry from gold (except wedding rings), platinum and precious stones.
The Ministry of Social Policy of Ukraine by the letter № 413/039/97-13 of 22.05.2013 informed that individuals who provide themselves with work on their own (doing business, lawyer, notary, creative, and other activities related to the receipt of income from these activities directly, including members of the creative unions, artists who are not members of the creative unions) have the right to financial security subject to voluntary payment of insurance contributions to social Insurance fund on temporary disability in accordance with applicable law.
The Pension Fund of Ukraine by the decision № 8-1 of 12.06.2013 approved amendments to the Instruction on the procedure on accrual and payment of a single fee for obligatory state social insurance, which, inter alia, provides that the contract of voluntary participation in the obligatory state social insurance system can be provided as one-time payment of the person of the single payment for previous periods in which the person is not subject to obligatory state social insurance (including period since 1 January 2004 up to 31 December 2010).
Labour and salary
The Ministry of Social Policy of Ukraine by the letter № 333/18/99-13 of 20.06.2013, reminded that if the amount of salary (including vacation pay) in the month of the accounting period exceeds the maximum monthly salary is needed to implement the proportional distribution of salaries, from which are paid insurance premiums. If the insured person in the billing period the part of the month was on leave and the amount of salaries (including vacation pay) less than the maximum size (the maximum amount) of monthly salary in the calculation of the average salary for the temporary disablement allowance calculation include payments for days worked without proportional distribution.
The Pension Fund of Ukraine by the letter № 16652/03-20 “On enrolling in the insurance period of maternity leave time” of 27.06.2013 recalled that on July 1 2013 the Law № 231-VII of 14.05.2013 came into force “On amendments to some laws of Ukraine regarding granting and indexing of pensions”, which settled the issue regarding enrollment in insurance period of maternity leave time. For example, since July of this year, as single social contribution payers are defined the enterprises, institutions, organizations, and individuals who use hired labor and pay maternity allowance, as well as those who are on leave and receive maternity allowance.
Securities
The National Securities and Stock Market Commission of Ukraine (NSSMC) by the decision № 932 of 30.05.2013 approved the Regulation on the dematerialization of registered securities, which establishes the procedures for depository system participants by the issuer's decision on the transfer of the registered securities issue of the documentary form of existence in non-certificated security.
The National Securities and Stock Market Commission of Ukraine (NSSMC) by the decision № 1106 of 20.06.2013 approved the Regulation on the depository institutions activities by institutional investor assets depositation. The approved Regulation establish a procedure on activities carrying out by depository institution of institutional investor assets depositation, namely, collective investment institutions (CII) and private pension funds, establishes a mechanism for the provision of services related to non-current assets of CII and securities of PF, as well as the procedure for monitoring of the conformity transactions with the assets of CII and PF securities to legislation, directions of use of proceeds from CII assets and control of write-off of funds from the cash accounts of CII according to the Laws of Ukraine “On Collective Investment Institutions (Unit and corporate Investment Funds)”, ”On the non-state pension provision” and “On depository system of Ukraine”.
The National Securities and Stock Market Commission by the decision № 814 of 14.05.2013 approved the Licensing conditions for professional activity on the stock market (securities market)-depository activities which establish qualifying, organizational, technological and other special requirements compulsory for the implementation of professional activity on the stock market-depository activities, except activity to register of registered securities holders.
The State Property Fund of Ukraine by the order № 1042 of 17.07.2013 approved the Procedure for acts drawing up of blocks of shares evaluation of joint stock companies at their competition sales (excluding sales at contests). The document defines the procedure for the preparation and procedure of acts filling of shares blocks evaluation of joint stock companies, regardless of the type, which are created in the process of privatization (corporatization) and belongs to the state, for sale in the cases, provided by sub par. 5 of Part 1 of Art. 15 of the Law “On Privatization of State Property” (except for the sale of shares on the contest) on the results of standardized valuation.
The National Securities and Stock Market Commission of Ukraine by the decision № 862 of 21.05.2013 approved the Licensing Terms for professional activity on the stock market (securities market) – depository and clearing activities. Terms and Conditions are established qualifying, organizational, technological and other special requirements binding with the professional activity on the stock market – depositary (except depository activity of the Central Depository and the National Bank) and clearing activities.
The National Securities and Stock Market Commission of Ukraine by the decision № 896 of 28.05.2013 established such procedure for the appointment of asset management’ company, which temporarily manages the assets of funded pension fund.
The National Securities and Stock Market Commission by the decision № 820 of 14.05.2013 approved the changes to the Licensing conditions for professional activities in the securities market – mortgage collateral management operations, which, in particular, clarified that the head holder of a licensee (other than banks), which carries out activity on mortgage collateral management must have work experience at management positions in the financial institution for at least three years. Also the head of the licensee or its separate specialized structural subdivisions in the mortgage collateral management operations implementation may not simultaneously work as other professional participants of the stock market.
The National Securities and Stock Market Commission by the decision № 818 of 14.05.2013 approved the Licensing conditions for professional activity on the stock market (securities market) - on organization of trade on the stock market, requirements of which are must be carried out by officials of the licensee and by the licensee holders (stock exchanges) during the life of the organization of trade on the stock market.
The National Securities and Stock Market Commission by the decision № 816 of 14.05.2013 approved the Procedure for the suspension and revocation of licenses for certain types of professional activity on the stock market (securities market), which, inter alia, determined that validity of the license can be suspended by the relevant decision about the penalty imposed for the offense if of its identification.
The National Securities and Stock Market Commission by the decision № 895 of 28.05.2013 approved the changes to the Rules (conditions) of activities in securities trading: brokerage, dealer operations, underwriting, securities management, which, in particular, provides that the appointment agreement performance date is determined by the conditions of the contract and the order of payments for securities purchase or sold or other financial instruments.
The National Securities and Stock Market Commission (hereinafter – NSSMC) by the decision № 894 of 28.05.2013 approved the Regulations on the Procedure of reporting by the Central Securities Depository in the NSSMC, which determines the order of reporting by the Central Securities Depository in NSSMC, namely: the procedure for compiling, the terms of the provision of administrative data on depository activities of the Central depository.
The National Securities and Stock Market Commission by the decision № 897 of 28.05.2013 made changes to its decision № 1634 of 20.11.2012 “On determining of the grounds for issuance of the order by NSSMC to the pension fund keeper”, and it established a base, with the onset of which the pension fund keeper carries instructions of NSSMC on termination of the asset management company orders of the Accumulation pension Fund.
Land legislation
The Verkhovna Rada of Ukraine adopted and the President signed the Law № 365-VII of 02.07.2013, which introduced amendments to number of legislative acts, which, in particular, clarified that the land management project by allocation of a land plot within the inhabited locality or land outside of the inhabited locality, on which is the construction project or planned placement of such object, is also supplied for approval to the structural units of the regional, Kyiv and Sevastopol city state administrations in the field of Urban Development and Architecture, and if the city is not part of the territory of particular district – in the executive authority of the the City Council in Urban Development and Architecture, and in the event that such an authority was not created – in the executive authority of the ARC on Urban Development and Architecture or structural unit of Regional State Administration on Urban Development and Architecture.
The Verkhovna Rada of Ukraine adopted and the President signed the Law № 366-VII of 02.07.2013, according to which allocation of land plots of state or communal ownership for the use is carried by the Verkhovna Rada of Crimea, the Council of Ministers of Crimea, local executive authorities or local self-government. The decision of these authorities is taken on the basis of land management projects on land plots allocation in the event of:
- land plot providing with change of its designated purpose;
- formation of new land plot (except for subdivision and unification).
Other things
The Ministry of Ecology and Natural Resources of Ukraine by the order № 266 of 17.06.2013 introduced amendments to Procedure of MENR coordination on mineral resources concession, which, inter alia, canceled the need to provide an extract from the Unified State Register of legal entities and natural persons-entrepreneurs for by the Ministry of Ecology and Natural Resources of Ukraine acknowledgement of mineral resources concession possibility.
The Ministry of Infrastructure of Ukraine by the order № 381 of 11.06.2013 recognized as invalid the order № 507 of the Ministry of Transport of 21.10.1999 “On approval of the Regulations on the adoption of the completed construction of railway transport objects and underground railways”.
The Ministry of Finance of Ukraine by the order № 560 of 28.05.2013 approved the Procedure on the account identifier forming of entity primary financial monitoring and notification of its assignment, which applies to reporting entities and their subdivisions (hereinafter – entities) which provide the information in accordance with the Law “On Legalisation (Laundering) Combating of Illegally Gained Income and Financing of Terrorism”.
The Ministry of Ecology and Natural Resources of Ukraine by the order № 236 of 28.05.2013 approved Methodology on determining of the payment amount setting for any rent water objects, which is extended to these water objects: water storage basins (except for multi-purpose reservoirs), ponds, lakes and landlocked bodies of water. Approved Methodology establishes an unified calculation way of rental payment from water objects lease in and is obligatory for the application by the executive authorities and local self-government at the conclusion of water bodies lease contracts.
The Ministry of Finance of Ukraine by the order № 635 of 27.06.2013 approved the Guidelines on accounting policies which may be used by enterprises, organizations and other legal entities (hereinafter – the enterprises), regardless of their organizational and legal forms of management and ownership (except for banks, budget organizations and businesses that according to the legislation are using international Financial Reporting Standards). In particular, it is envisaged that the enterprise independently on the basis of national regulations (standards) of accounting and other regulatory legal acts on accounting determines accounting policies and changes to it in consultation with the owner(s) or by the authorized authority (person), in accordance with the constituent and statutory documents.
The National Bank of Ukraine by the resolution № 180 of 20.05.2013 approved the amendments to the Rules of the organization of statistical reports submitted to the National Bank of Ukraine in the conditions of the special period, which, inter alia, extended the requirements of the said Regulation on the authorized financial institutions and the national postal operator. In addition, it is estimated that the bank-legal entity does not include in summarized information the economic indices of separate units operating under severe restrictions, on their ability to transfer funds and information to main banking institution.
The Ministry of Justice of Ukraine by letter № 797-0-1-13/8.2-1 of 29.04.2013 clarified that the term “Tax return” is used, in particular, in the order № 495 of the State Tax Administration of Ukraine on August 23, 2011 which approved the Methodical recommendations on preparation of the scheduled plan of documentaries scheduled inspections of business entities. These recommendations developed to provide an uniform procedure of quarterly formation of the schedule of documentary scheduled inspections carrying out of business entities.
The National Commission which Performs State Regulation in the Energy Sector (NERC) by the resolution № 679 of 06.06.2013 made changes in par. 2.1 of section II of Procedure on the establishment, revision and termination of the “green” tariff for economic entities, which provides that an application for the establishment of “green” tariff and specified in this paragraph documents may be submitted to it by the subject at the same time with an application on licenses for the right to economic activities realization in production of electricity and/or licenses to the business on the combined production of heat and electricity.
The Ministry of Justice of Ukraine by the order № 1328/5 of 03.07.2013 approved the application form on apostilization of the abstract/excerpt from the Unified State Register of Legal Entities and Individual Entrepreneurs. To the application is necessary to attach the document of banking institution for apostillize services payment or a copy of the document confirming the right to exemption from payment.
The Ministry of Finance of Ukraine by the order № 465 of 08.04.2013 approved the Procedure for registration, creation and maintenance of the register of business entities which carry out operations with precious metals and precious stones. Document defines the procedure for registration, creation and maintenance by the Assay office of the Register of economic entities regardless of ownership, which carry out operations with precious metals, precious stones and organogenic precious stones and semi-precious stones. The point at issue is about the actions related to the emergence and termination of property rights and other rights to precious metals and precious stones, including taking on bail of jewelry and household items made of precious metals; receipt of precious metals and stones to storage at funds and stocks sites, and well as their storage and release in the established procedure; changing of the physical condition content of the precious metals and precious stones in any substances and materials during their mining, manufacture and use, importation of precious metals and precious stones, products and materials, which contain them, into Ukraine from abroad and exportation from Ukraine; storage and exhibiting of precious metals and precious stones.
The National Bank of Ukraine by the letter № 25-110/8432 “Clarification on facilities sequestration” of 15.07.2013 reminded that on 20 November 2012 came into force the Criminal Procedural Code of Ukraine, Ch. 17 of which regulates issues of property arrest. Thus, according to Articles 170 and 173 of the Code, the investigating judge during a pre-trial investigation or the court during the judicial proceedings put under stoppage of property, including money in any currency in non-cash form, in what shall decree a resolution, which, in particular, must indicate the procedure for its implementation.
The National Bank of Ukraine by the decision № 210 of 06.06.2013 determined the maximum amount of cash settlements: by enterprises (businesses) among themselves in during one day in the amount of 10 thousand UAH; physical persons with enterprise (entrepreneur) in one day for the goods (works, services) in the amount of 150 thousand UAH; individuals among themselves on the sales contracts which are subject to notarization, in the amount of 150 thousand UAH. It is envisaged that private individuals have a right to carry out calculations on the amount exceeding 150 thousand UAH, by funds transferring from your checking account to a current account, deposit and/or the transfer of funds on current accounts (including notary's deposit in a separate current account in the national currency).
The Ministry of Infrastructure of Ukraine by the order № 405 of 14.06.2013 determined the national postal operator – “Ukrposhta” national state enterprise of postal service. It is assigned as the operator of postal services and the fulfillment of the obligations arising from the acts of the Universal Postal Union.
The Ministry of Infrastructure of Ukraine by the order № 329 of 30.05.2013 approved Procedure on cards circulation, which are used in digital control devices (tachographs), which defines the procedures for the issuance, renewal, replacement and revocation of the cards validity, which are used in digital control devices (tachographs) as well as their validity period.
The Ministry of Infrastructure of Ukraine by the order № 305 of 20.05.2013 approved the Procedure on formation, adoption and keeping of the register of international, inter-city and suburban bus routes for general use, which is determined mechanism of formation, adoption and keeping of the register of international, inter-city and suburban bus routes for general use, and also Unified electronic register of bus routes.
The Ministry of Economic Development and Trade of Ukraine by the order № 561 of 10.06.2013 approved the Log form for state registration of foreign investments.
The Ministry of Health of Ukraine by the order № 514 of 17.06.2013 stated in a new version the List of medicinal products, available without prescription, forbidden to advertising.
The National Bank of Ukraine by the decision № 285 of 16.07.2013 amended the decision № 504 of 22.11.2010 “On Procedure on conducting of certain transactions on credits, loans, guarantees in UAH between residents of Ukraine and the International Finance Corporation (pilot project)”. According to the changes, the Nordic Environment Finance Corporation (NEFCO) received the right to carry out payments and settlements in UAH on Ukrainian territory with the resident (banks and other legal entities) based on lending agreements or guarantees which carrying out of such operations in UAH on the conditions under which the maximum value for the final debtor under these facilities (expenses on a direct or indirect contract of loan guarantees) does not exceed 10% per annum.
The Verkhovna Rada of Ukraine adopted and the President signed the Law № 411-VII of 04.07.2013, which excluded hydraulic engineering constructions of commercial fishing activity basin from the list of objects that can not be leased.
The Cabinet of Ministers of Ukraine by the Resolution № 500 of 03.07.2013 approved the Terms and Conditions in 2013 on state guarantees to ensure compliance of debt instrument on borrowings entities-residents of Ukraine's state sector involved for realization of investment, innovative, infrastructural and other development projects being of strategic value and which would help to the development of the national economy, the effect of which does not apply to execution by debt obligations on borrowings, raised under the state guarantees for the selection of investment projects, for which realization in the real sector of the economy provided government support, in accordance with the Procedure on the selection of investment projects for realization of which in the real sector of the economy provided government support.
The National Bank of Ukraine by the resolution № 242 of 20.06.2013 amended its resolution № 91 of 16.03.2006 “On approval of the Regulation on procedure of required reserves forming for Ukrainian banks and branches of foreign banks in Ukraine”, according to which the above-mentioned Regulations determined not only by the procedure of formation but also storage by Ukrainian banks and branches of foreign banks in Ukraine of required reserves.
The National Bank of Ukraine by the resolution № 191 of 03.06.2013 approved amendments to the Instructions on the organization of cash collection and transportation of currency valuables in banking institutions in Ukraine, which, in particular, has approved the technical requirements for equipment of operational armored vehicles and established that banks have the right to use armored vehicles not equipped according to the new requirements, acquired before 12 March 2012, within seven years from the date of manufacture.
The National Bank of Ukraine by the resolution № 271 of 05.07.2013 amended the Regulations on the regulation by the National Bank of Ukraine on bank liquidity in Ukraine, which, in particular, provides that in the provision of refinancing loans can be taken property rights under the bank-borrower credit agreement with the chief administrator of state budget funds, the chief administrator of local budgets, the funds of which is granted under the state guarantee in accordance with the decision № 404 of the Cabinet on 03.06. 2013 “Some issues of implementation by the chief administrators of budget funds of capital expenditures in excess of specified amounts of budget allocations' (for refinancing loans through tenders for up to 360 days).
'De Visu' Group specialists are ready to provide consultations as for various issues on financial and economic activity conducting. In order to receive more detailed information you may call at the following phone numbers: (044) 279-00-00, (044) 279-40-00.
