Area | Title |
Description
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Labour law
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Provisions for self-employed
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Individual entrepreneurs and legal entities, chosen simplified (single) model of taxation, have got i) increased cap holds for the annual revenue to stay enjoying such model; ii) exemptions for the social security contributions for the March and April.
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Tax
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Deadlines extensions
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Adjustment of terms for the submission of tax declarations, conduct of tax and other official audits, appeal procedures, moratorium for the tax and social security contributions’ penalties, etc.
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Land and real estate tax exemptions
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Land and real estate tax exemptions for agriculture, construction and development
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Other measures
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Provisions in paying rents
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Exemption for the tenants to pay rent under the certain circumstances;
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The introduction of quarantine in Ukraine entails the need to rearrange working hours of many companies. Not only should the employer decide what measures will be taken by him but also formalize this decision properly to avoid violations of labour legislation.
Such solutions could be:
1. Key tax issues
Incentives for small business
Individual entrepreneurs and legal entities, chosen simplified (single) model of taxation, have got i) increased capholds for the annual revenue to stay enjoying such model; ii) exemptions for the social security contributions for the March and April.
For whom: IT/IP business, direct sales, construction and development, transport and logistics industries, where individual entrepreneurs are generally engaged
What can we propose: revision of business models to enjoy new opportunities
VAT and customs
VAT and customs duty exemptions for the import and sale of medicines and medical equipment within the term of quarantine;
For whom: Pharmaceutical and medicine industries, distributors of medicines
What can we propose: careful structuring of sale-chains in order to avoid unnecessary VAT losses
Donation deductibility
Donations are fully deductible for corporate profit tax purposes
For whom: Any business wishing to contribute in combatting virus
What can we propose: tax and legal structuring of the three-lateral agreements between donors, suppliers of medicines and hospitals
Land and real estate tax exemptions
Exemptions for land and reals estate taxes are introduced
For whom: Agriculture, construction and development
What can we propose: advisory on tax compliance
Other incentives
Adjustment of terms for the submission of tax declarations, conduct of tax and other official audits, appeal procedures, moratorium for the tax and social security contributions’ penalties, etc.
For whom: Various businesses
What can we propose: advisory on tax compliance
2. Other tax issues
Please note the following:
1. Other key issues
For whom: Various businesses
What can we propose: advisory and legal support over the confirmation of force-majeure of the contract obligations; support of negotiations of the clients with their counterparties, personnel engagement structuring etc
2. Contract obligations
Recognition of COVID-19 as a force majeure
Pursuant to article 14-1 of the Law of Ukraine «Chambers of Commerce and Industry of Ukraine» quarantine is considered as a force majeure circumstance.
Rental fees and credit rates limitations
The above mentioned rules are obligatory and do not require consent or contract amendments with lessee.
3. Regulatory restrictions/ miscellaneous
The Cabinet of Ministers of Ukraine has amended the measures to fight coronavirus infection