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29.05.20

CFC law entailing more reports and taxes for startups and businesses draws criticism

The President of Ukraine has signed a law introducing the concept of controlled foreign companies (CFCs), which requires Ukrainian owners to register their CFCs with the tax authorities and pay taxes. Concerning taxable foreign assets, the law comes into force

15.05.20

VAT to be introduced for Facebook and Viber. Ukrainian advertisers will pay more for ads

Ukrainian lawmakers are drafting a bill introducing a VAT (i. e. a 20% tax) on all digital services provided to Ukrainians by foreign companies. This will affect paid services from Facebook, Viber, Netflix, Steam, etc. The bill will also influence

14.05.20

The Ministry of Digital Transformation presents Diia City, free economic zone for creative businesses. So far, it’s just a concept

The Ministry of Digital Transformation is working on the concept of a large-scale Diia City project, a virtual model of a free economic zone for representatives of the creative economy. It will allow Ukrainian and foreign tech companies to open

27.02.20

Cabinet of Ministers: IT companies can hire 5,000 foreigners under simplified rules

On February 26, 2020, the Cabinet of Ministers issued a decree introducing a quota for the immigration of 5,000 foreign specialists. They will be able to get a job in Ukrainian IT companies, as the Ministry of Digital Transformation reports.

18.02.20

Export of Ukrainian IT services in 2019: State Statistics Service data

The State Statistics Service of Ukraine presented the report on foreign trade in services for 2019. According to the data, Ukraine exported $2.43B worth of IТ services abroad, hromadske informs. The report dated by February 14, 2020, shows that the

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