The Cabinet of Ministers of Ukraine by its Resolution of 01.03.2014 № 65 headed for the savings of public funds and decided to avoid budget losses.
The Ministry of Revenue and Duties of Ukraine in its Explanation of 06.03.2014 noted that fixed assets (FA) are an integral part of the property of almost every business entity. The cost of such objects is usually considerable but to include it in the expenses taken into account when calculating the tax object, the taxpayer can only within of accumulated depreciation - a gradual transfer of depreciable object of FA on the company expenses.
Depending on the group, to which is related one or the other object of FA, set the minimum allowable amortization periods (from 2 to 20 years). Such groups are 16.
The Ministry of Revenue and Duties of Ukraine by its Order of 06.02.2014 № 121 approved declaration form for income tax of the bank.
To the new form is added appendix ТЦ for corrections taxpayer's tax obligations for transfer pricing purposes.
The Ministry of Revenue and Duties of Ukraine by its Order of 27.01.2014 № 85 approved the form of the Tax report on using of funds of non-profit institutions and organizations and the order of its preparation.
Compared with the current form, approved by the State Tax Administration, there are a number innovations. In particular, added groups of lines to reflect income of non-profit institutions and organizations with signs 0017 (employers' organizations and their associations) and 0018 (gardening and garage cooperatives or partnerships) .
Taken away lines to reflect the amounts of revenues and costs for the previous fiscal year. Added lines to reflect the amounts received and used humanitarian aid as well as appendix 'Explanation of transactions of humanitarian aid'.
The Ministry of Revenue and Duties of Ukraine in its Explanation of 11.03.2014 reminded that are not subject to depreciation and fully included in the expenses of the reporting period the payer's costs to:
- fixed assets on a caretaking status;
- fixed assets liquidation;
- acquisition (production) items for stage with a value up to 5,000 ths UAH by theatrical entertainment enterprises;
- cost of national film production and acquisition of intellectual property rights to the national film.
Also are not subject to depreciation and are financed from the respective funding sources:
- budgetary costs for construction and maintenance of buildings and residential house improvement, acquisition and preservation of library and fonds;
- budgetary costs for construction and maintenance of public roads;
- costs for acquisition and maintenance of the National Archival Fund of Ukraine, as well as the library fund, which is generated and maintained from budgets;
- cost of goodwill;
- cost of purchasing/production and repair as well as reconstruction, modernization or improvement of other non-productive fixed assets.
The term 'non-productive fixed assets ' means the tangible assets that are not used in the economic activity of the payer.
The Ministry of Finance of Ukraine by its Order of 08.02.2014 № 48 amended some Regulations on accounting. In particular, the Instructions on the application of the chart of accounts specified by rule - enterprises whose main activity is sale of securities should reflect:
- Income from changes in value of financial instruments, valuated at fair value on the account 71 'Other operating income';
- Expenses from changes in value of financial instruments, valuated at fair value on the account 94 'Other operating expenses'.
Enterprises whose main activity is not only sale of securities should summarize results of changes net assets value of financial instruments valued at fair value on subaccount 740 ' Income from changes in value of financial instruments' and 970 ' Expenses from changes in the value of financial instruments '.
The new edition contains financial statements for small businesses (П(С)БО 25 'Financial Report of a small business') - they are shorter and there are missing four-digit codes of lines.
Specified companies that should prepare simple financial statements of a small business. Instead the fourth group of single tax payers added micro entities .
Also have been changed П(С)БО 1, 7, 11, 27, 31, Notes to the Financial Statements, Chart of Accounts of enterprises and small enterprises (account 30 'Bank' was renamed to 'Cash '), the Regulations on the procedure for accounting of certain assets and operations in the public sector .
National Commission on Securities and Stock Market by its decision of 22.01.2014 № 47 approved the Regulation on the procedure for ensuring the existence of nominal securities in paperless form.
Social Insurance Fund on Temporary Disability in its letter of 04.12.2013 № 04-30-3449 noted that in case of temporary disability of the insured person, working in part-time during the period of leave for care of child under three years age, sick leave is paid on common grounds. If woman is on maternity leave until the child reaches three years age and does not work (without salary), in the case of temporary disability sick leave should not be issued.
