The Cabinet of Ministers of Ukraine in execution of the Law of Ukraine “On the State Bureau of Investigation” by its Resolution “On establishment of the State Bureau of Investigation” of 29.02.2016, № 127 constituted the State Bureau of Investigation. Thereby another one important step was done towards fight against corruption and counteracting other crimes, including committed by senior officials, judges and law enforcement officials.
The workers for the Bureau will be elected on a competitive basis, they will have decent wages and social protection that will ensure the independence of their activities.
The State Fiscal Service of Ukraine in execution of sub-para. 200.7.3 of the Tax Code of Ukraine (hereinafter - TCU) and the Cabinet of Ministers of Ukraine (hereinafter - CMU) “On approval of the Procedure of keeping of registers of applications for the return of an amount of budget refund of value added tax” of 22.02.2016, № 68 on its official website in section “Report on registers of applications for the return of an amount of budget refund, indicated in sub-para. 200.7.1 of para. 200.7 of Art.200 of the Tax Code of Ukraine” of section “VAT refund” promulgated registers of applications for the return of an amount of budget refund of value added tax (hereinafter - VAT):
- Register 1 of applications for return of an amount of VAT refund, submitted by payers of this tax, which meet the criteria established by para. 200.19 of Art. 200 of TCU;
- Register 2 of applications for return of an amount of VAT refund, submitted by payers of this tax, which do not meet the criteria established by para. 200.19 of Art. 200 of TCU;
The taxpayer should in the application independently indicate the compliance with criteria established by para. 200.19 TCU (Register 1), or non-compliance with these criteria (Register 2) (para. 200.7 TCU).
Tax officers emphasized that VAT refund amounts, not returned before 1 February 2016, should be compensated without use of registers of applications under the procedure in force before that date.
The reason for making the application the return of amount of budget refund VAT of such a payer to Register 1 (sub-para. “a” of sub-para. 200.7.1 of para. 200.7 of Art. 200 of TCU) is the simultaneous compliance with the criteria established by para. 200.19 of Art.200 of TCU.
The State Fiscal Service of Ukraine by its letter “On recognition of controlled transactions on placement of additional shares” of 18.02.2016, № 3613/6/99-99-19-02-02-15 clarified that the increase in equity capital in the company by contributions from participants failed to meet the definition of “controlled transactions”.
The State Fiscal Service of Ukraine in its letter “On taxation of non-profit organizations relating to the exchange rate differences” of 18.02.2016, № 3624/6/99-99-19-02-02-15 considered the issue of taxation of non-profit organizations in respect of exchange rate differences. The non-profit institutions and organizations entered in the appropriate register should not pay the income tax from any revenue received from statutory activities including obtained in the form of positive value exchange rate differences from conversion of foreign currency, provided that such incomes (profits) to be used by the non-profit organization exclusively for the costs financing for its maintenance, achieving the purposes (goals, objectives) and areas of activity determined by the constituent documents (sub-para. 133.4 .2 of TCU).
The Ministry of Finance of Ukraine by its Order “On approval of Regulations on the form and content of the settlement documents, Procedure for reporting related to the use of the entry books of settlement transactions (account books), form № ЗВР -1 Report on the use of the entry books of settlement transactions (account books) of 21.01.2016, № 13 approved the following updated:
- Regulations on the form and content of the settlement documents;
- Procedure for reporting related to the use of the entry books of account transactions (account books);
- Form of the report on the use of the entry books of account transactions (account books) (form № ЗВР -1) and Instruction on its filling.
The document is being prepared for publication in the “Official Journal of Ukraine” for 11.03.2016, № 18.
The National Bank of Ukraine simplified the carrying out of money transfers outside Ukraine for resident-individuals. This is stated in the resolution of the regulator “On Amendments to the Rules of carrying out of transfers by individuals outside Ukraine and in Ukraine at the current exchange non-commercial transactions and their payment in Ukraine” of 29.02.2016, № 123.
Resolution is aimed at solution of two issues:
1. The set of people who understand the quality of “relatives” is clearly defined now;
2. The National Bank eased certain requirements for confirming documents, which are to be submitted by the individuals-residents during the carrying out of money transfers outside Ukraine.
This simplified procedure will apply to money transfers outside Ukraine for various purposes (including money transfers for payment of treatment in foreign medical institutions, transportation of patients, training, purchasing of literature and subscription publications, etc.) that exceeds UAH 15 thousand in equivalent.
The National Commission on Securities and Stock Market of Ukraine (hereinafter - NCSSMU) on March 1, 2016 approved a revised draft “On Amendments to the Procedure for keeping the register of audit firms, which to conduct an audit of professional participants of the securities market”. The Commission increased the requirements for audit firms wishing to be included in the Register. In addition to certificates of the Audit Chamber of Ukraine and the minimum number of employees at their main place of work of auditors, the audit firm should provide the Commission with a certificate of compliance of quality control system issued by the Audit Chamber of Ukraine, and should have its own website and conduct audit activity at least three years. Also, it is provided that the audit firm during its activities is obliged to inform NCSSMU about all data changes specified in the documents attached to the application for entry in the Register, and to submit annual information on the results of their work.
