In Ukrainian tax law, one of the key tools for monitoring compliance with the law is the concept of "reasonable economic reason (business purpose)". It directly affects the tax accounting of transactions and the determination of tax liabilities. For business, understanding this principle is critical, as it is the...
Modern business is increasingly moving into the digital realm, and the judicial system is no exception. The Unified Judicial Information and Telecommunication System (UJITS), better known as the Electronic Court, has been operating in Ukraine for several years. It allows filing documents, receiving procedural notices, and even taking...
Value added tax (VAT) is one of the key taxes in the Ukrainian taxation system. For businesses, the issue of VAT registration arises at different stages of their operations: some are registered by obligation, others voluntarily, and some are caught due to untimely response...
In today's business, the word "trust" comes at a price - and often a very high one. Successful partnerships are based not only on good intentions, but also on clearly written agreements. One rash signature on a contract can cost a company financial losses, a damaged reputation, or even...
A search at a company is an event that can paralyze business operations, cause panic among employees, and lead to serious legal consequences. Even if the company operates in a "white" way, no business is immune from a visit from law enforcement: a search may be related not only to you, but also to...
In the current realities of Ukrainian business, counterparty due diligence is not a formality, but a matter of survival. One bad contract can result in financial losses, litigation, tax problems, or even criminal cases for a company. Therefore, every business owner should know before signing a contract:...
The issue of doing business through several individual entrepreneurs (IEs) in Ukraine has become a hot topic for small and medium-sized businesses, especially after changes in tax legislation. Many entrepreneurs are trying to reduce their tax burden in this way, avoid registering an LLC or staying on the simplified taxation system. But...
Following the introduction of the so-called anti-offshore legislation in Ukraine (under Law No. 466-IX), a new stage of fiscal control has come for business owners abroad. It is about the rules of controlled foreign companies (CFCs), which, starting from 2022, oblige Ukrainian residents to report on their foreign...
Legal due diligence is not just about checking documents. It is about preventing risks, protecting the interests of the business owner and ensuring the legal security of the company. In today's environment of changing legislation, growing pressure from regulatory authorities and litigation risks, regular legal audit is a mandatory tool...
Financial monitoring is a system of collecting, analyzing and controlling financial transactions to prevent money laundering, terrorist financing and other crimes. In Ukraine, financial monitoring is regulated by the Law "On Prevention and Counteraction to Legalization (Laundering) of the Proceeds of Crime"....
