Ukraine: The National Bank increases interest rate affecting late payment penalty interest
The Board of the National Bank of Ukraine has decided to raise the key policy rate to 13.5% annually. This decision aims to maintain the stability of the currency market, control inflation expectations, and gradually reduce inflation to the target
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Ukraine raises tax on banks, financial institutions
Ukraine has signed Law 4015-IX (The Law on Amendments to the Tax Code of Ukraine and Other Laws of Ukraine to Ensure the Balance of Budget Revenues during Martial Law) into law on 28 November 2024. One key provision of this new law is the increased
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Ukraine: President signs 2025 budgetÂ
President Volodymyr Zelenskiy has signed the 2025 state budget for Ukraine on 28 November 2024. The 2025 budget prioritises Ukraine's defense and allocates significant funds to security and defense forces, as well as the production and
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Ukraine President to sign 2025 budget tomorrow
Ukraine’s President Volodymyr Zelenskiy is expected to sign the 2025 budget tomorrow, 28 November 2024. The parliament passed the budget on 19 November 2024. It emphasises increasing taxes to fund its ongoing war with neighboring
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Ukraine: Parliament approves 2025 draft budget law
Ukraine’s Verkhovna Rada (parliament) has formally adopted the draft budget law for 2025 on 19 November 2024. The draft law requires the President's signature before it can be enacted. Earlier, Ukraine’s government approved the draft
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Angola, Ukraine discuss potential tax treaty
Minister of Foreign Affairs of Ukraine Andrii Sybiha was received in Luanda by President of the Republic of Angola João Lourenço, to further the dialogue between the Angolan leader and President of Ukraine Volodymyr Zelenskyy on 25 October
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Australia and Ukraine negotiating income tax treaty
The delegations from Australia and Ukraine convened for the inaugural round of negotiations on an income tax treaty from 8 October to 11 October 2024. The agreement will eliminate double taxation concerning taxes on income, capital, fringe
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Ukraine and Oman discuss bilateral relations and income tax treaty
Ukraine's Ministry of Foreign Affairs has reported that officials from Oman and Ukraine met on 23 October 2024 to discuss bilateral relations, including finalising an income tax treaty. During his visit to the Sultanate of Oman, Minister of
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Ukraine clarifies corporate tax rules for German entities under transfer pricing provisions
The Ministry of Finance of Ukraine has issued a clarification concerning the corporate taxes of the Federal Republic of Germany and their relevance to Ukrainian tax law, particularly in the context of transfer pricing regulations on 30 September
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Ukraine: Multilateral Agreements for Exchange of CbC Reports, Financial Account Information Under CRS enters into force
The multilateral component authority agreements for the exchange of Country-by-Country Reports (CbC MCAA) and for the exchange of financial account information under the Common Reporting Standard (CRS MCAA) has entered into force in Ukraine. The
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Ukraine to align tax legislation with OECD standards
Representatives of the Ministry of Finance of Ukraine and State Tax Service of Ukraine announced that the country will align its tax legislation with OECD standards. Representatives of Ukraine at the invitation of the Organisation for Economic
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Singapore recognises MCAA-CbC international tax compliance agreement with Ukraine
Singapore has officially recognised the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports with Ukraine as an international tax compliance agreement, it was published in Order No. S 731 on 20
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Ukraine approves 2025 draft budget: Prioritises defence, securityÂ
Ukraine’s government approved the draft budget for 2025, on 13 September 2024, which prioritises defence and security spending, said Ukraine’s Prime Minister Denys Shmyhal on his official Telegram channel. Defence spending will increase to at
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IMF Report Looks at Ukraine’s Economy
On 10 September 2024 the IMF and the Ukrainian authorities reached agreement on the Fifth Review of the four-year Extended Fund Facility (EFF) Arrangement, subject to approval by the IMF Executive Board. The statement issued by the IMF noted that
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Ukraine: MCAA CbCR agreement comes into force
The Ukrainian Ministry of Finance issued a reminder about the commencement of the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country Reports (CbCR) on 2 September 2024. Ministry of Finance of Ukraine reminds
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Montenegro and Ukraine initial new income tax treaty to replace 2001 agreement
Montenegro and Ukraine officials reportedly concluded the second round of negotiations by initiating an income tax treaty on 28 August 2024. This agreement, which will replace the 2001 tax treaty established between Ukraine and the former
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Guatemala, Ukraine to continue FTA negotiations
Ukraine's Ministry of Economy announced that Guatemala and Ukraine will continue negotiations for a free trade agreement (FTA) and deepening bilateral economic cooperation on 17 August 2024. This was agreed upon in a meeting in the Dominican
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Turkey approves free trade agreement with Ukraine
Turkey has approved the free trade agreement with Ukraine, according to the country's official gazette No. 32620 on 2 August 2024. The agreement was signed on 3 February 2022 and was later approved by President Recep Tayyip Erdogan, along with
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