The Verkhovna Rada of Ukraine approved and the President signed the Law of Ukraine “On the production and circulation of organic agricultural products and raw materials” of 03.09.2013 № 425-VII, which defines the legal and economic basis of the production and circulation of such products and raw materials, control measures and monitoring on such activity and is directed at ensuring of fair competition and proper functioning of the market of organic products and raw materials, improvement of population health measures, preservation of the environment, sustainable use of soil, ensuring the effective use and reproduction of natural resources, as well as ensuring of consumer confidence in the products and raw materials labeled as organic.
The Verkhovna Rada of Ukraine approved and the President signed the Law of Ukraine “On Amendments to the Tax Code of Ukraine, concerning the registration of persons as taxpayers” of 05.09.2013 № 443-VII. The document, in particular, states that taxpayers, who concluded with the relevant supervisory authority an agreement on the recognition of electronic documents, can submit a registration application for voluntary registration by electronic means in electronic form by reporting individuals signing in accordance with the law. In addition, provided that the registration of application for voluntary registration by VAT payer and application for choice of a simplified tax system may be submitted to the state registrar as a supplement to the registration card which is submitted for the state registration of legal entity or individual-entrepreneur. An electronic copy of statements, made by scanning, is transferred by the state registrar to supervisory authorities simultaneously with the information from registration card for the state registration of a legal entity or an individual-entrepreneur in accordance with the Law “On state registration of legal entities and individuals-entrepreneurs”.
The Ministry of Economic Development and Trade of Ukraine by the order № 1064 of 03.09.2013 approved the Procedure on monitoring compliance with requirements of legislation for issuance of permit documents. It defines a mechanism of control over compliance by state administrators, licensing authorities (their officials) of requirements of the legislation for issuing permits, according to the manner of their issuance (including by the permit centers), creation and operation of licensing centers by city councils of cities of regional and/or national importance (their executive agencies), by the district in the Kyiv and Sevastopol city state administrations, Kyiv and Sevastopol city state administrations.
The Ministry of Revenues and Duties of Ukraine by the order № 536 of 07.10.2013 approved the Generalizing tax advice regarding the VAT features of operations for the software products supply. In consultation indicated that operations with supply of software products with the transfer of property rights to such products (in accordance with the contract on transfer of exclusive intellectual property rights) shall be exempt from VAT regardless of whether such products are delivered on tangible media or transferred to the buyer by other way including Internet network, email or other means of transmission.
The Ministry of Revenues and Duties of Ukraine by the letter № 10807/6/99-99-19-04-03-15 of 10.09.2013 noted that the issuance, registration, paying of bill are not subject to a special taxation in accordance with subpar. 213.2.4 of the Tax Code of Ukraine (TCU). However, the operation of endorsement (remittance of bill) is subject to taxation by special tax in accordance with subpar. 213.1.7 of par. 213.1 of Art. 213 of the TCU, as it provide the transfer of ownership to securities to another person. Such transactions are taxed at a rate of 1.5% from the transaction amount for the sale of securities outside the stock exchange which are not in the stock register in accordance with subpar. 215.1.1.4 of par. 215.1.1 of Article 215.1 of the TCU.
The Ministry of Energy and Coal Industry of Ukraine by the order № 601 of 08.28.2013 approved the Norms of free issue of special clothing, special footwear and other personal protective equipment to employees of materials and products manufacturing, based on chrysotile asbestos. Norms apply to the economic entities, regardless of ownership and organizational and legal form, engaged in activities aimed at producing of materials and products based on chrysotile asbestos.
The Ministry of Infrastructure of Ukraine by the order № 651 of 30.08.2013 recognized as being invalid the order of the Ministry of Transportation and Communication of Ukraine № 156 of 06.05.1997 “On approval of the Procedure of certification of drivers engaged in ethanol transportation and transport facilities used for this”.
The National Securities and Stock Market Commission of Ukraine (NSSMC) by the decision № 1248 of 16.07.2013, approved amendments to the Procedure on maintenance of the Registry of Audit Firms eligible to audit professional participants of the securities market. Changes, in particular, provides that for entering into the specified Register the audit firm must file to the NSSMC a questionnaire of business reputation of the audit firm and the information related the head people and audit firm employees who exactly will take part in the inspection of professional participants of the securities market.
The National Securities and Stock Market Commission of Ukraine (NSSMC) by the decision № 1681 of 03.09.2013 approved the Regulations on requirements for the standard form of bills and notes, which, inter alia, determined that for printing of the bill forms can be used intaglio printing. In addition, at manufacturing of bills forms not be used holographic protecting elements.
The State Commission for Regulation of Financial Services Markets in Ukraine by the regulation № 2979 of 22.08.2013 approved amendments to the Regulations on disclosure of information about non-state (private) pension fund. Changes, in particular, provides that private pension fund administrator no later than 30 April of the year following the reporting year is required to make public by posting on the site of non-state pension fund and/or of the fund administrator the information about the Fund for the reporting year.
