• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 7/31/2013

Ukraine - Electronic reporting of sales; VAT on intellectual property 

July 31: In Ukraine, a new law delays the effective date requiring electronic reporting of certain sales information until 1 January 2014.

The new provisions impose liability on businesses that fail to transmit certain mandatory reports electronically to the Ukraine tax service with respect to the use of registers of settlement transactions, settlement books and copies of payment documents, and fiscal receipts from the registers of settlement transactions.

Read a July 2013 report [PDF 73 KB] prepared by the KPMG member firm in Ukraine: Tax News (July 2013)

Other indirect tax developments concern:

  • The value added tax (VAT) treatment of transactions involving intellectual property
  • A draft law concerning a 7% rate of VAT on supplies of pharmaceuticals and medical goods

Concerning income tax treaties in the Ukraine treaty network:

  • The president signed the income tax treaty between Ukraine and Cyprus, thus completing the ratification process in Ukraine.
  • Representatives of Ukraine and Malta signed an income tax treaty.

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