President Volodymyr Zelensky on Dec. 18 signed bill №5676 creating a special taxation system for tech firms. Approved by the parliament on Dec. 14, this is the second of three laws that are necessary to create the Diia City system. Diia City is a collection of tax, employment and legal benefits that Ukrainian and foreign IT firms …
Zelensky signs Diia City bill to change taxation for tech firms Read More
Google users in Ukraine have received a letter from the company about the price rise of its services. This is related to the recently adopted and signed so-called “Tax on Facebook” law, initiated by Danylo Hetmantsev, Chairman of the Committee on Finance, Taxation, and Customs Policy. AIN.UA explains what will change. In June 2021, the Ukrainian …
Google starts charging 20% VAT on its services in Ukraine Read More
Ukraine’s parliament passed a bill on June 3 that imposes additional taxes on foreign companies like Apple, Netflix, Amazon and Facebook. According to the new legislation, foreign tech companies that are not registered in Ukraine will pay a 20% value-added tax (VAT) for digital services they provide to local users. The bill targets content like …
Ukraine’s parliament imposes additional taxes on Apple, Netflix, Facebook Read More
Last week Ukrainian Prime Minister Oleksiy Honcharuk revealed a new approach to support and tax the country’s IT industry. During a meeting with representatives of the export-oriented IT industry in Kyiv on Sept. 4, Honcharuk proposed creating a fund for developing the industry’s human capital. Managed by the IT industry itself, the fund would support …
Government suggests new approach to IT education and industry taxation Read More
On April 8, the Ukrainian capital will host the Ukraine Bar Association’s UBA Conference on IT Law — the first ever event dedicated to the legal aspects of IT business in Ukraine. The conference will bring together representatives of major Ukrainian and international IT-related companies, IT lawyers, business security professionals, and experts from a number of industry associations.
On September 22, the National Bank of Ukraine (NBU) adopted Resolution No. 591, which introduced significant changes to the Foreign Exchange Transaction Rules for Ukrainian banks. In addition to restrictions applied to foreign exchange purchases by individuals, the resolution, directly or indirectly, has had an impact on many Ukrainian business sectors and on foreign companies …
Staff at Ciklum, one of the largest IT-companies in Ukraine, have been suggested to transfer 1.5% of their salary to the needs of the military operations in Eastern Ukraine against pro-Russian insurgents. The proposal was made by the founder and director of Ciklum, Torben Majgaard, who sent an open letter to his employees regarding the issue, …
IT outsourcing company Ciklum comes out in support of new Ukrainian military tax Read More
Last week the analytical firm IDC reported that losses in potential VAT revenue from the illegal importation of IT-related products, such as tablets, laptops, and phones from $233 million in 2013. Moreover, this figure does not take into account the related losses borne by the state when refunding nonexistent VAT to unscrupulous importers. For the …
Report: Illegal importation of IT-related products causes huge losses to Ukrainian budget Read More
