The President of Ukraine signed Law No. 4 594-IX, which stipulates that state and municipal sports facilities can be provided for hourly use without complicated rental procedures. This will allow schools, sections, clubs and individual citizens to gain access to halls, stadiums or swimming pools faster and easier.
The innovation applies only to those facilities that are included in the Electronic Register of Sports Facilities. This will reduce bureaucracy, and sports facilities will be able to operate more efficiently and generate income, rather than remain unprofitable.
The Ministry of Finance of Ukraine published on its website a draft order “On Approval of Amendments to the National Accounting Regulation (Standard) 26 “Employee Payments”” (hereinafter - the draft order).
The draft order proposes to bring the issue of forming information in accounting about payments for work performed by employees and/or services provided into line with the requirements of international financial reporting standards.
According to the comparative table attached to the draft order, NAS 26 determines the methodological principles for the formation of information in accounting on payments (in monetary and non-monetary forms) for work performed and/or services provided by employees, and its disclosure in financial statements.
The work performed and/or service provided by the employee is the employee's performance of duties in accordance with the agreement with the enterprise.
The definition of "employee benefits" is also provided - these are all forms of payments and compensation provided by an enterprise in exchange for work performed and/or services provided by employees, or upon their dismissal.
Current employee benefits
Current employee benefits include:
- wages and salaries, other payroll charges;
- payments for time not worked (annual leave and other paid time not worked);
- bonuses and other incentive payments payable within twelve months of the end of the period in which employees perform the relevant work and/or provide services, etc.;
- non-monetary benefits (medical care, housing and/or cars and/or services provided to employees free of charge in accordance with the law, etc.).
The accrued amount of payments to employees for work performed and/or services rendered during the reporting period and the accrued amount under the single social contribution as current liabilities and expenses of the reporting period in which such work was performed and/or services were rendered, unless other NASs require the inclusion of such expenses in the cost of the asset.
If the amount paid exceeds the obligation arising from the performance of work and/or provision of services up to the reporting date, such excess is recognized as an asset in the amount by which the prepayment will result in a reduction in future payments and/or compensation.
Payments upon termination of employment
Liabilities and assets related to post-employment benefits are accounted for by each post-employment benefit plan.
Post-employment benefit plans are classified as defined contribution plans or defined benefit plans depending on the main terms and conditions of such plans.
The accrued amount of contributions under a defined contribution plan is recognized as a current liability and expense in the period during which the employees performed the work and/or provided the services, unless other national accounting regulations (standards) require the inclusion of such expenses in the cost of the asset.
If the contribution already paid exceeds the contribution payable for the performance of works and/or provision of services up to the reporting date, such excess is recognized as an asset.
The gain (loss) from curtailment or final settlement of a defined benefit plan is determined as the sum of the change in the present value of the plan obligation, the change in the fair value of plan assets, unrecognized actuarial gains (net of unrecognized actuarial losses) and the unrecognized cost of past service. A final settlement of a defined benefit plan occurs as a result of a change or curtailment of the plan, which results in the termination of the plan. If a defined benefit plan that is terminated is replaced by a plan with similar terms, no final settlement of the defined benefit plan is made.
Disclosure of employee benefits in the notes to the financial statements
The following information is provided in the notes to the financial statements for each category of other long-term and termination benefits:
- nature of payments,
- amount of the obligation for such payments,
- amount of financing as of the reporting date.
If approved, this order will come into force on January 1, 2026, but not earlier than the day of its official publication.
The Cabinet of Ministers of Ukraine adopted amendments to Resolution No. 1346 of December 28, 2020 "Some Issues of Remuneration of Civil Servants of Tax Authorities."
In particular, the norm that provides for payment to civil servants of tax authorities for additional workload in connection with the performance of duties in a vacant civil service position in accordance with Article 52 of the Law of Ukraine "On Civil Service" has been excluded.
Instead, the resolution established a new remuneration procedure: for the performance of the duties of a temporarily absent civil servant, a payment of 50% of the temporarily absent employee's official salary is provided.
The decision is aimed at unifying approaches to remuneration and bringing remuneration conditions in tax authorities into line with general civil service rules.
The Cabinet of Ministers of Ukraine updated the Procedure for disclosing information on the activities of state unitary enterprises and business associations. The relevant changes were approved at a regular meeting of the Government.
The document applies to enterprises in whose authorized capital the state owns more than 50% of the shares, as well as to companies where 50% or more of the shares are owned by companies that are 100% state-owned.
The purpose of the decision is to bring the current Procedure into line with the provisions of the Property Policy and ensure greater transparency in the management of state assets.
According to the resolution, the frequency and timing of publication of information about the activities of such enterprises will be clearly defined.
Enterprises will be required to publish the following information on their own website or on the website of the management entity:
- list of special responsibilities assigned to the enterprise, indicating their purpose, legal basis and related budget deductions;
- internal regulations governing the work of management bodies, internal control systems, risk management, audit, anti-corruption activities and mechanisms for reporting violations;
- management reports;
- annual reports on the achievement of performance goals.
The list of enterprises that are not subject to these requirements will not include operators of critical infrastructure facilities, enterprises of the defense-industrial complex, and those under the jurisdiction of the Ministry of Defense. A full list of such exceptions will be formed by the relevant authorities and submitted to the Government for consideration.
Cabinet of Ministers of Ukraine introduced amendments to the Procedure for the Operation of the Electronic Procurement System (CMU Resolution No. 166 of February 24, 2016) and the Procedure for Confirming the Degree of Localization of Goods (CMU Resolution No. 861 of August 2, 2022) to strengthen the requirements for including goods in the list with a confirmed degree of localization, which is used in public procurement through the Prozorro system. The changes were initiated in response to the appeal of Ukrainian manufacturers to strengthen control over the fulfillment of localization conditions in procurement for state funds.
From now on, manufacturers who want to sell their products to the state must provide more documents to participate in tenders, confirming the presence of at least 25% of the Ukrainian component in the cost of their products.
From now on, in order for a product to be included in the list with a confirmed degree of localization (in 2025 it is 25%), the manufacturer must submit:
- a copy of the 4ДФ tax supplement for the previous year (with data on income, taxes, military duty, social security contributions);
- a certificate of technological operations carried out in production;
- a copy of the test report of the product sample issued by an accredited laboratory;
- a confirmation of the availability of material and technical resources, equipment and personnel.
In addition, the Ministry of Economy, Environment and Agriculture of Ukraine now has new powers:
- to verify the completeness and accuracy of the information provided by manufacturers;
- to analyze the documents on the basis of which the goods are included in the list;
- to carry out automated verification of applications through the web portal;
- to inform the commission for reviewing the activities of the electronic procurement system in the event of any discrepancies being identified.
The Cabinet of Ministers of Ukraine adopted a resolution "On Implementation of Pilot Project on the Digitalization of Interaction between Executive Authorities and Business Entities using Pulse Information System."
The Government's decision is a step towards open, transparent, and effective communication between the state and entrepreneurs.
The purpose of the experiment is to create a single channel for submitting business appeals, monitoring their consideration, and assessing the quality of decisions made by government bodies.
"Pulse" will allow entrepreneurs to submit applications online with a qualified electronic signature, track their status in their personal account, evaluate the quality of resolving issues, and participate in surveys on the business climate.
Expected results:
- simplifying business communication with the authorities;
- reduction of bureaucratic procedures;
- transparency and accountability of government responses;
- analytics and dashboards for making management decisions.
The Cabinet of Ministers of Ukraine adopted a resolution amending the rules of operation of the integrated automated system of state supervision and control. It will include a risk management module that will automatically determine which enterprises to include in the inspection plan in 85 areas - from labor protection and the environment to technical standards. The new module will allow for the formation of inspection plans transparently, automatically and without the influence of the human factor.
From now on, the following is changed:
- the degree of risk for the enterprise is determined automatically, according to established criteria;
- the system generates a list of entities for inspections based on their rating;
- the regulatory authorities focus on high-risk enterprises, reducing the burden on low-risk businesses;
- the annual and comprehensive inspection plans are generated and published automatically through the system - this ensures transparency and open access for business and the public.
Benefits for business:
- elimination of subjective decisions – the system minimizes the human factor and reduces corruption risks;
- less pressure on the company's conscience;
- uniform and clear rules for everyone – businesses can predict their participation in scheduled inspections and see data online;
- transparency and openness – all information about plans and inspection results will be available on the website of the State Regulatory Service and on the open data portal after the end of martial law.
The new rules apply exclusively to inspections within the framework of state supervision (control). Tax inspections and law enforcement actions have different procedures. This also applies to areas not covered by the basic Law: for example, the financial sector, customs control, market surveillance.
