7 September 2010

Topical article:

This mysterious Tax.The intrigue of the week.

by Anastasia Zanuda, commentary by Alexander Minin

BBC Ukrainian, Kyiv, September 7th, 2010, Ukrainian

21 August 2010

Legal Alert  7

General opinion regarding Draft Tax Code in proposed version

Download pdf-file of Legal Alert 7  (85 KB), Ukrainian

                          

21 August 2010

Legal Alert  6

Analysing Draft Tax Code of Ukraine KM Partners express their opinion regarding a definition of "royalty" term for the purposes of tax legislation.

Download pdf-file of Legal Alert 6  (118 KB), Ukrainian

                          

20 August 2010

Legal Alert  5

KM Partners continue analysing Draft Tax Code of Ukraine. The Legal Alert 5 is regarding approximation of tax accounting and bookkeeping in Draft Tax Code

Download pdf-file of Legal Alert 5  (192 KB), Ukrainian/English

                          

19 August 2010

Topical article:

Experts say: New edition of the Tax сode provides double liability for taxpayers

news portal KorrespondenT.net, August,19th, 2010, Russian

The address of the article: http://korrespondent.net/business/1108591

                          

18 August 2010

Topical article:

The work on the "creation" of Azarov is done by one third

news portal «Ukrainska pravda» («Ekonomichna pravda»), August, 18th, 2010, Ukrainian

The address of the article: http://www.epravda.com.ua/news/2010/08/19/245468/

                          

Legal Alert  4

KM Partners continue analysing Draft Tax Code of Ukraine. Our Legal Alert 4 is dedicated to documentary unscheduled on-site tax audits as risks related to adoption of the new Tax Code

Download pdf-file of Legal Alert 4  (178 KB), Ukrainian/English

                          

11 August 2010

Legal Alert  3

We continue analysing the Draft Tax Code. You can find our latest comments - Legal Alert 3 - in pdf-file below:

Download pdf-file of Legal Alert 3  (176 KB), Ukrainian/English

                          

9 August 2010

Legal Alert 2.1

KM Partners continue giving their comments to some regulations of the new Tax Code, which bring serious danger for business activity in Ukraine. You can find the comments in pdf-file below:

Download pdf-file of Legal Alert 2.1 (217 KB), Ukrainian/English

                          

9 August 2010

Analitical article:

Tax code: old features of new face

news portal «Ukrainska pravda» («Ekonomichna pravda»), August, 9th, 2010, Ukrainian

The address of the article: http://www.epravda.com.ua/publications/2010/08/9/244214/

                          

5 August 2010

Topical article:

Scandal in government: why Tigipko was not shown the draft Tax code

by Borys Kushniruk, information agency УНІАН, August 5th, 2010, Ukrainian

The address of the article: http://www.unian.net/ukr/news/news-389906.html

                          

4 August 2010

Topical article:

Symonenko says: Tigipko is suspended from the work on the new Tax code

«Ekonimicheskie izvestiya» #130 (1363), August 4th, 2010, Russian

The address of the article: http://news.eizvestia.com/news_politics/full/simonenko-tigipko-otstranen-ot-raboty-nad-nalogovym-kodeksom

                          

4 August 2010

Seems it is getting clear why the Vice Prime Minister Sergii Tigipko announced different terms of official publication of the draft Tax code.

According to information of the news agency Interfax-Ukraine the published draft Tax code was not agreed upon with the Vice Prime Minister Sergii Tigipko. This was announced by the deputy chairman of the party Syl’na Ukraina Oleksandra Kuzhel.

Details are in the material Tigipko was not given the possibility to look through the new tax rules, news portal Ukrainska pravda.

                          

3 August 2010

In the view of the official publishing of text of Draft Tax Code of Ukraine Alexander Minin, senior partner of KM Partners law firm, gave an interview to Ukrainian Pershyi Dilovyi TV channel.

                          

3 August 2010

The text of Draft Tax Code of Ukraine was published today in Uriadovyi Kuryer # 141(4292)of 03.08.2010. Also the text was published on the web-site of Ministry of Finance of Ukraine as wel as the schedule of round tables on the Draft Tax Code discussion and phones of call-centers and the announcement of press-conference with the participation of leaders of the Ministry of Finance of Ukraine, Ukrainian State Tax Administration, the State Customs Service of Ukraine, the National Academy of Sciences of Ukraine and the People´s Deputies.

                          

2 August 2010

When the official publishing of new draft Tax Code of Ukraine will take place? The question is troubling Ukrainian business that is waiting for this since July 8th, the day when the Verkhovna Rada passed the resolution On Whole Ukrainian Discussing of the Draft Tax Code of Ukraine. This is a state-level document, that will determine the future of the whole Ukrainian business and, thus, to the large extent, the future of country's economy and that needs a serious, not fast, elaboration.

The improved draft Tax code can be published by the end of current week. That is a forecast made by Vice Prime Minister Sergii Tigipko, during press conference on the 2nd of August - quote news agency Inretfax-Ukraine, news portals Ukrainska Pravda and KorrespondenT.

The forecast looks quite unclear, especially if take into consideration that Vice Prime Minister anounced a certain date - 2nd of August, during his working meeting with representatives of the Federation of Employers of Ukraine, European Business Association and PricewaterhouseCoopers, on the 23rd of July. During the meeting there was announced that in accordance with Prime Minister's instructions, dated 21st of July 2010, # 43455/1/1-10

                          

19 July 2010

KM Partners:  OPEN  LETTER

regarding possible impression that the Draft Tax Code is approved in general by the European Business Association and the American Chamber of Commerce in Ukraine, and the offer regarding detection of real position on the matter with further bringing it to the attention of the Government

Download pdf-file of OPEN LETTER (16 KB)

                          

15 July 2010

Topical article:

Azarov says: «The new Tax code will not be something extraordinary»

news agency «UNIAN Ekonomika», July 15th, 2010, Russian

The address of the article: http://economics.unian.net/rus/detail/52973   

                       

15 July 2010

Topical article:

Azarov said that the criticism of the Tax code is artificial

«The Delo», July 15th, 2010, Russian

The address of the article: http://delo.ua/vlast/zakony-gosregylirovanie/azarov-nazval-kritiku-nalogovogo-kodeksa-zakaznoj-142969/

                          

15 July 2010

Topical article:

The government received the commentaries from the Parliament to improve the Tax code

news portal «Ukrainska pravda» («Ekonomichna pravda»), July 15th, 2010, Russian

The address of the article: http://www.epravda.com.ua/news/2010/07/15/241760/

                          

14 July 2010

Topical article:

The government received the commentaries from the Parliament to improve the Tax code

by Natalia Nepriakhina, «Kommersant» #118, July 14th, 2010, Russian

The address of the article: http://www.kommersant.ua/doc.html?docId=1419261

                          

10 July 2010

As KM Partners notified in its Legal Alert 2, because of the non-acceptance of declarations by tax authorities arose a situation in which the authorities themselves do not have real data about how much VAT should be reimbursed and what kind of damages on income tax of companies are to be put to the next period. This is a topic of reflections of the portal «Ukrainska Pravda» and newspaper «Zerkalo nedeli» in the article «Azarov owes companies tens of billions of hryvnas»

The address of the article: http://www.epravda.com.ua/news/2010/07/9/241209/ (ukrainian language)

                          

                          

                          

8 July 2010

According to mass media, today during the morning session Verkhovna Rada of Ukraine adopted the draft resolution «On Whole Ukrainian Discussing of the Draft Tax Code of Ukraine», introduced by the Speaker of Verkhovna Rada Volodymyr Lytvyn.

You can find the resolution in doc-files below:

Download doc-file of the resolution (207 KB) (Ukrainian)

The address of the news on the site of Verkhovna Rada: http://portal.rada.gov.ua/rada/control/en/publish/article/info_left?art_id=207021&cat_id=105995

                  

7 July 2010

Topical article:

Yanukovich postponed the Tax code

portal «Ukrainska pravda», July 7th, 2010, Ukrainian

The address of the article: http://www.pravda.com.ua/news/2010/07/7/5204649/ 

                          

7 July 2010

Topical article:

Azarov agreed on the creation of special tax forces

«...Ministry of Finance of Ukraine got the task to provide appropriate changes to the law on State Tax Service, when modifying of the draft Tax code» (end of quote).

portal «Ukrainska pravda», July 7th, 2010, Ukraine

The address of the article: http://www.pravda.com.ua/news/2010/07/7/5204022/

                          

7 July 2010

Topical article:

Deputies want to dismiss tax police

portal «Ukrainska pravda», July 7th, 2010, Ukrainian

The address of the article: http://www.epravda.com.ua/news/2010/07/7/240901/

                          

7 July 2010

Topical article:

Tax code will be postponed till September - Tigipko

«...vice prime-minister underlined that the criticism, that is heard all over the draft Tax code is groundless because the government didn’t have the better document than this one» (end of quote)

portal «Ukrainska pravda», July 7th, 2010, Ukrainian

The address of the article: http://www.pravda.com.ua/news/2010/07/7/5203656/

                          

6 July 2010

Topical article:

Tax Code does not recover

by Natalia Nepriakhina, «Kommersant» Ukraine #112, July 6th, 2010, Russian

The address of the article: http://www.kommersant.ua/doc.html?DocID=1408243&IssueId=7000502

                          

6 July 2010

Topical article:

Don’t count Cabinet of Ministers before it is hatched

«…experts believe there is a possibility for Sergii Tigipko to face one more attack – from of his supervisor. Mykola Azarov, supposedly, didn’t like the draft of the Tax Code, prepared by vice prime minister. And instead of it he demanded to get from archive his version dated 2007. The vice prime minister will present this document during current plenary week» (end of quote).

by Olga Kurishko, «Ekonimicheskie izvestiya» #109 (1342), July 6th, 2010, Russian

The address of the article: http://eizvestia.com/state/full/kabmin-po-oseni-schitayut

                          

6 July 2010

Board of the Ukrainian Bar Association by its decision dated July, 5th 2010 decided to send an appeal to the higher bodies of state authorities, in connection with the adoption of the Tax Code of Ukraine.

You can find the text of appeal in pdf-file below: 

Download pdf-file (70 KB)

                          

5 July 2010

Topical article:

Party of Regions predict that the tax reform will be postponed till autumn

portal «Ukrainska pravda», July 5th, 2010, Ukrainian

The address of the article: http://www.pravda.com.ua/news/2010/07/5/5198369/

                        

5 July 2010

Sergii Teryokhin suggests to postpone hearings on tax code till autumn session - announces portal «Ukrainska pravda» in the article «Teryokhin calculated that the tax code needs 8 hectares of forest to be printed».

The address of the article: http://www.pravda.com.ua/news/2010/07/5/5197325/

                        

5 July 2010

Topical article:

Tax code - postponed till autumn?

by Anatolii Grytsenko, portal «KorrespondenT.net», blog, July 5th, 2010, Ukrainian

The address of the article: http://blogs.korrespondent.net/celebrities/blog/gritsenko/a24344

                        

5 July 2010

Topical article:

The adoption of Tax Code can be postponed till autumn 

newspaper «The Delo», July 5th, 2010, Russian

The address of the article: http://delo.ua/ekonomika/makroekonomika/nalogovyj-kodeks-mogut-perenesti-na-osen-142443/

                        

5 July 2010

Topical article:

"1500 offers. Does Ukraine need such a Tax Code?" – letter of Sergei Terekhin to the Speaker of the Verkhovna Rada of Ukraine Volodymyr Lytvyn On the preparation of the draft Tax Code of Ukraine for the second reading. - http://www.buhgalteria.com.ua/Hit.html?id=2377.

«Bukhgalteriya» #27 (910), July 5th, 2010, Ukrainian

                          

5 July 2010

Who likes the Tax Code? This question was answered by the portal «The Ukrainskaya Pravda», as well as its readers, who left their comments to the article: http://www.pravda.com.ua/news/2010/07/5/5196433/

                          

5 July 2010

                          

5 July 2010

The brightest illustration to situations that KM Partners analyse in the Legal Alert 2 can be a quotation from the article «Zerkalo nedeli» – «Those who humiliate – rose. The parable about sectoral ratios to the celebration of 20 years of the Tax Administration of Ukraine»:

«...According to analysts of the Tax Service, unofficially received by «Zerkalo nedeli», only for May tax authorities have not accepted from businessman at least 35 thousand of VAT declarations» (end of quote)

The address of the article: http://www.zn.ua/1000/1550/69978/

                          

5 July 2010

The situation with new Tax Code in Ukraine also worries foreign business-society. Mr. Jorge Zukoski, president of the American Chamber of Commerce in Ukraine, expressed his point of view concerning this issue in the article «What an effective tax system would bring to Ukraine», newspaper «The Delo».

The address of the article: http://delo.ua/mneniya/kommentarii/chto-dala-by-ukraine-sistema-nalogooblozhenija-142380/#comments

                          

4 July 2010

According to mass media, on the 3rd of July, Verkhovna Rada got over 6 thousand remarks to the draft Tax Code.

                          

3 July 2010

Topical article:

Trimming of a wig. Administration of the President of Ukraine finally decided what kind of Tax code thay want to have

by Natalia Yatsenko, newspaper «Zerkalo nedeli» #25, July 3 - 9, 2010, Ukrainian

The address of the article: http://www.dt.ua/2000/2040/69968/

                          

2 July 2010

Authors of the new draft Tax Code also haven’t forgotten to «take care» about pensioners - the portal «The Ukrainska Pravda» reflects on this issue in the article «Azarov applies double taxation to pensioners?»: http://www.pravda.com.ua/news/2010/07/2/5192684/

                          

1 July 2010

As a continuation of the position, that KM Partners convey in the Legal Alert II (dated June,29th) the article «Tax authorities: declarations no entrance?» by Sergei Chigir was published on site «Ekonomicheskaya Pravda» (portal «Ukrayinska pravda»). You can find the article in pdf-file below:

Download pdf-file (107 KB, Ukrainian)

The address of the article and comments: http://www.epravda.com.ua/publications/2010/07/1/240167/

                          

1 July 2010

Taking into consideration the importance of the issue, newspaper «The Delo» organized a wide discussion of the Tax Code on pages of the newspaper as well as on the portal Delo.ua. For more details: http://delo.ua/main/nalogovij-kodeks/page/2/

                          

30 June 2010

Topical article:

Kodeksu.net
Insurers, programmers, «reductionists» ask developpers to take into account their commentaries

by Oleksii Savitskii, newspaper «The Day», #112, June 30th, 2010, Ukrainian

The address of the article: http://www.day.kiev.ua/301209

                          

29 June 2010

Legal Alert 2

KM Partners continue to give their comments to some regulations of the new Tax Code, which bring serious danger for business activity in Ukraine. You can find the comments in pdf-file below:

Download pdf-file (120 KB)

                          

29 June 2010

According to the news portal KorrespondenT.net,  at the 25th of June 1600 amendments to the draft Tax Code were received from deputies. You can find the original article and comments here: http://korrespondent.net/business/economics/1090719.

                           

29 June 2010

Topical article:

Tax Inquisition

by Oleksii Nasadyuk; «YurPractika» #26 (653), June 29th, 2010, Russian

Download doc-file (61 KB)

                          

28 June 2010

Topical article:

Beware of the Tax Code!

by Iryna Gubina; «Bukhgalteriya» #26 (909), June 28th, 2010, Russian

Download pdf-file (1,1 MB)

The address of the article: http://www.buhgalteria.com.ua/Hit.html?id=2367

                          

25 June 2010

On the 24th of June, KM Partners law firm together with the Institute of System Analysis of Civil Society, held a round-table – press-conference «Anticipated risks and adverse consequences of adoption of the new Tax Code», the participants of the meeting were experts and representatives of large foreign and domestic business.
The aim of the meeting was to highlight the public position that was stated earlier, and based on the results of the analysis and discussion with business representatives and experts.
The non-acceptance of the Tax Code in its present version and presentation of position of the participants of the meeting are reflected in the appeal to the President of Ukraine, Chairman of the Verkhovna Rada and Prime Minister of Ukraine. The text of the statement is available on the site http://www.kodeksu.net/

The representatives of the mass media (TV and press) also participated in the round table. News regarding this issue can be read in today’s news blogs and on the sites of newspapers:

http://www.glavred.info/archive/2010/06/24/184539-10.html

http://obozrevatel.com/news/2010/6/24/374231.htm

http://podrobnosti.ua/economy/2010/06/24/695951.html

http://news.liga.net/news/N1018486.html

http://www.sostav.ua/news/2010/06/25/8/32457/

http://vechirka.kiev.ua/?p=55603

http://1778.com.ua/index.php?name=news&op=printe&id=3624

http://ua-banker.com.ua/news/financial/7909/

http://www.host1gb.kiev.ua/archives/20531

http://ukranews.com/ru/news/economics/2010/06/25/21525

http://www.chp.com.ua/index.php?code=8791&show_all=YESS
http://www.unian.net/ukr/news/news-383604.html

http://www.bagnet.org/news/summaries/ukraine/2010-06-25/51979 

http://news.eizvestia.com/news_economy/full/ukrainskie-biznesmeny-osnovali-sajt

 

Further information about issues related to the Code will be placed on the site http://www.kodeksu.net  and on the site of KM Partners, section Tax Code: ua/taxcode/

                          

23 June 2010

On Thursday, June 24th at 13:00 a round-table – press-conference «Anticipated risks and adverse consequences of adoption of the new Tax Code» will be held. The aim of the meeting is to highlight the non-acceptance of the new draft of the Tax Code by business representatives; present measures and other steps that the representatives of business are to take. There will be announced the generalized position of the business representatives towards leaders of the State, and presented an initiatives kodeksu.net, the aim of which is to discuss the Code by business and experts. The participants of the meeting will be experts who work with large and medium-size business, as well as the representatives of the transnational corporations and mass media.
Address: Hyatt Regency Kiev Hotel (5, Alla Tarasova Street), library. Accreditation is required: 0509735683.

                          

23 June 2010

On the 16th of June 2010, Central Scientific Experts Office of The Verkhovna Rada of Ukraine prepared the Conclusion on the draft Tax Code of Ukraine, based on the results of analysis of the draft Tax Code of Ukraine #6509, dated 15.06.2010.

Here is the most important extracts of the Conclusion for citizens and business representatives.

Download pdf-file (92 KB)

                          

22 June 2010

Web-site http://www.kodeksu.net was created to discuss the new Tax Code by business-community.

 

                          

18 June 2010

Legal Alert 

On the 17th of June, the Verkhovna Rada of Ukraine approved in first reading the new Tax Code that was prepared by the Cabinet of Ministers of Ukraine. KM Partners give their comments to some regulations of the new Code, which bring serious danger for business activity in Ukraine. You can find the comments in pdf-file below.

 Download pdf-file (102 KB)