News

Hot off the press: Mandatory sale of currency abolished by the National Bank of Ukraine since 20th of June 2019!

The National Bank of Ukraine (NBU) cancelled the mandatory sale of 30% of foreign exchange earnings on the interbank foreign exchange market by the enterprises.
The law becomes effective on 20 June 2019. The complete cancellation of mandatory sales of FX earnings is another important step towards liberalization process for the foreign market in Ukraine. The NBU is convinced that another wave of legislative relief will not have any negative consequences for macro-financial stability of the country.

Armanino Launches AI Lab to Leverage Artificial Intelligence Technology for Clients

The MS member-firms do their best to provide the clients with the up-to-date solutions and modern ways of doing business in our world of trade evolution and globalization. On the 21st of May the member of Moore Stephens International Limited network and one of the 25 largest accounting and business consulting firms in the U.S., Armanino LLP announced at the Artificial Intelligence (AI) Executive Roundtable the launch of the Armanino AI Lab for business executives seeking to deploy AI technologies within their organizations. The AI Lab will enable decision makers with a pragmatic approach for demystifying and incorporating modern AI client-ready solutions within the business landscape. Find out the latest MSI news and learn how to boost your business by implementing innovative solutions together with Moore Stephens-Kyiv team.

Ukraine ratifies OECD’s Multilateral Convention – the Key-to-Know Facts

On 23 July 2018 Ukraine signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. In practice, the Ukrainian entities should now be ready to prove the commercially justified purpose of certain transactions or foreign company incorporation to which a certain payment is made. And a long-term corporate structure may go to pieces due to considerable tax burden on account of cooperation with foreign companies. What facts are to be considered by the Ukrainian entities right here and right now? Trace the latest legislative news with Moore Stephens-Kyiv team to reduce inefficiencies, mitigate risks and improve opportunities.

Key Considerations for Audits with Digital Assets

Blockchain technology is not only in vogue, it is starting to disrupt the incumbent payments industry by delivering enhanced speed, security and transparency. We share our audit and accounting observations in this rapidly evolving industry to help management plan for more seamless audit and accounting services, some of which can be delivered in near real time with the correct tools, planning and experience. Get more information on this issue from the ad-hoc report of our Blockchain Collaboration Group and find out how Moore Stephens-Kyiv team can support your organisation's approach to digital assets.

The NBU Grants Non-resident Legal Entities the Right to Open Accounts with the Ukrainian Banks

The NBU has revised the Instruction On the Procedure for Opening and Closing Bank Accounts and Correspondent Bank Accounts - Residents and Non-residents.  With the perspective of a gradual transition to the free floating of the capital, the NBU granted non-resident legal entities, including investment funds and the asset management companies which act in the name of such funds, the right to open accounts in the Ukrainian financial institutions. The simplified procedure for opening the bank accounts would have a positive impact on the business activities in Ukraine. Learn more about the amendments adopted by the NBU and be up to speed on the current situation with the Moore Stephens-Kyiv team.

Explore our newly launched website on IFRS reporting transformation

We are delighted to share with you our newly launched website highlighting the latest line solutions as to the transformation of IFRS financial reporting! EU has obliged Ukrainian government to harmonize Ukrainian accounting policy with that of EU. It is against this background that in October 2017 Verkhovna Rada approved a package of legislative changes introduced to the Law “On Accounting and Financial Reporting in Ukraine.” Moore Stephens-Kyiv team has done its best to make amendments to the Law easy to comprehend.

The Currency Law of Ukraine: Overview of Key Changes Applicable from February 2019

Aiming to make the country more investor-friendly, the government of Ukraine continues implementing changes to the current laws. At this, the Currency Law has recently been modified. Operating within the Ukrainian environment the Moore Stephens-Kyiv team is ready to provide the Companies with independent advice on the prudent application of the Law. Read more about the adjustments of the Currency Law that are implemented from the 7th of February 2019 and the related services of Moore Stephens–Kyiv team that are a helping hand in any challenges your business may face.

Transfer Pricing 2019

January opens a season of new legislative adjustments. The sphere of the tax law has always been a place of the ongoing shake-ups. This year is not an exception. There are several changes introduced to taxation rules previously adopted by the Ukrainian parliament. The main changes in the application of transfer pricing rules concern the elimination of currently existing inaccuracies and some technical mistakes.

Read more about the TP legislative adjustments and the related services of Moore Stephens–Kyiv team that are a helping hand in tax disputes that may emerge when conducting business in Ukraine.

Employment of Foreigners in Ukraine – Legislative Adjustments

Prospective development of the economy of Ukraine beckons foreign investors. Moore Stephens–Kyiv team keeps abreast of the latest business-related trends and the ways of their potential development. Recent facilitation of the procedure of the receipt of a work permit for foreigners keep attracting foreign investors as well as individuals willing to do business in Ukraine. Read more about the adjustments of the Law and the related services of Moore Stephens–Kyiv team that are a helping hand in any challenges your business may face.

Support in implementation of renewable energy technologies in Ukraine

The sustainable and renewable energy sources have become a real success story over the last years. Read more about the conference devoted to the up-to-date biogas production & technologies and implementation of effective biogas plants. To achieve sustainable savings on this business area our speaker concentrated on the vital topic of effective project funding, strategies of venturing the investment project of the biogas plant construction…

The largest agro-industrial exhibition in Ukraine. Sharing practical experience

The presentation entitled “How to prepare an agribusiness enterprise to obtain internationally recognized certification for gaining access to international financial markets and to available financing” included a lecture highlighting the effective development of food safety management systems in compliance with international standards, regulations and certification systems as well as emphasising the benefits of international certification. The practical recommendations concerned reengineering of business processes of agricultural enterprises and preparation of financial statements in accordance with international standards, along with criteria for successful business activity.

IDEA Innovations Conference in Houston

IDEA Innovations Conference was held in Houston, Texas, on 1st, 2nd of November 2017 under the motto ‘Learn from IDEA Users Who Are Leading the Way’. Read more about the latest strategies and modern approaches discussed and feedback of our Company’s representative.

 

BREAKING NEWS! NO-QUEUE MODEL OF LIFE NOW IS AT HAND!

On 20 September 2017 the Decision on approval of the concept of e-governance development was rendered by the Cabinet of Ministers of Ukraine. This document would go down in the annals of history as a landmark decision regulating the Ukrainian priority development fields, primary purposes and promotion measures for the next three years.

Regulatory Update - Business Now Easier in Ukraine

On 19 July 2017 the Law introducing amendments to some regulatory acts of Ukraine regarding the use of seals by legal entities and individual entrepreneurs (the Law # 1982-VIII) shall enter into force. The Law aims at further simplification of conducting business in Ukraine and abolishes the use of corporate seals. 
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