In early January 2018, the Ministry of Finance of Ukraine published a draft law "On Amendments to the Tax Code of Ukraine and Other Regulatory Acts Regarding Criteria for Determination of High Net Worth Individuals".

Looks like the Yanukovich government is finally turning its attention to the Ukrainian taxpayer (physical and legal entities alike).

In July 2010 the Parliament of Ukraine established a new period of limitation for challenging decisions of state authorities in court.

A number of recent tax developments in Ukraine and Russia underline the need for proper planning, documentation and execution of transactions.

The Cabinet of Ministers of Ukraine introduced the additional import surcharge to be levied starting from 26 February 2015 for the purpose of stabilization of the balance of payments of Ukraine.

Until recently, residential property owners in Ukraine did not need to pay any property tax whatsoever.

Starting from 01 January 2011 local councils may decide to introduce a tourism duty. According to the Tax Code of Ukraine (the "Tax Code"), citizens of Ukraine, foreigners, as well as stateless persons who stay in the territory of a region where a tourism duty has been introduced shall pay the tourism duty (the "Tourism Duty").

Freezing winds dominate the global investment climate these days, mainly due to the harsh economic and knotty political situation in the EU and US.

The Law of Ukraine # 63-VIII "On Amendments to the Tax Code of Ukraine concerning the Features of Corrections to the Tax Liabilities of Corporate Income Tax and Value Added Tax in the Case of Application of the Tax Compromise" took force of 17 January 2015

Sayenko Kharenko's Tax Practice has been highly recommended in the newly released edition of World Tax 2016, International Tax Review's guide to the world's leading tax firms.

In addition to the above, the Unified Register of Environmental Impact Assessment is operating as of January 2018

According to the Tax Code of Ukraine adopted by the Ukrainian Parliament on 02 December 2010 (the "Tax Code"), the maximum tax deductible per diem allowances payable to employees sent on business trips will be increased significantly starting from 01 April 2011.

The Tax Code of Ukraine, which was adopted on 02 December 2010 and becomes effective on 01 January 2011 (the "Tax Code"), introduces a new type of tax - a tax on real estate other than land plots (the "Real Estate Tax").

On 24 May 2012 the Ukrainian MPs adopted the package of Laws of Ukraine aiming at encouraging the development and boosting the global competitiveness of Ukrainian IT industry ("the Laws").

On 30 October 2019, the Parliament of Ukraine ratified Protocols amending double taxation treaties with the United Kingdom and Cyprus.

Explanatory note to the draft law on the termination of the double taxation treaty between Cyprus and the Former USSR (#7091 dated 6 September 2010) discloses details of the current state of negotiations between the governments of Cyprus and Ukraine in relation to the new treaty

Acknowledging the importance of the IT sector in Ukraine’s economy, the government has provided tax breaks to qualified companies and individuals in the IT sector that fall under the category of "subjects of the software product industry".

On 28 March 2021 the package of tax benefit laws for major investment projects ("Projects") entered into force.

An exception relates to documentary unscheduled audits as to budgetary VAT charge.

Ukrainian taxpayers operating within multinational enterprise groups (MNEs) with consolidated annual revenues exceeding EUR 750 million may, for the first time in 2025...