News Archive

Important changes in tax depreciation and financial leasing commencing 01.01.2012

Changes in tax depreciationIn the course of the year 2011 the tax payer was allowed to treat as taxable cost depreciation of an asset for the whole financial year regardless of when during the same year was the asset acquired...

Changes in labelling tax payments

New method in labelling tax payments is in force as of 1.1.2012. The changes relate to the bank account number to which the tax payment is made and to the variable symbol.1. The bank account numberEach entity has its own account...

Tax law changes for 2012

- Act on Chambers of Economy

- Compulsory minimum wages and required wage increase

- Daily allowance for foreign assignment

- Refund of Value Added Tax

- Vocational training contribution

- Environment protection product fee

VAT-system registration and deregistration

Herewith we would like to remind you that the deadline for registration into, resp. deregistration from the VAT-system is January 15th, 2012. The main criteria for “ex officio” registration into the registry of VAT-payers and...

Double Taxation Treaty Ukraine/Cyprus

The relations between Ukraine and Cyprus are regulated by the Double Taxation Treaty as of 29.10.1982 between the former USSR and the Republic of Cyprus. Most dividends, interests and royalties paid from Ukraine to Cyprus are...