The amendments to IAS 7 & IFRS 7are intended to enable users of financial statements to assess the effects of an entity’s supplier finance arrangements on the entity’s liabilities and cash flows and on the entity’s exposure to liquidity risk.
Amendments to IAS 12 are issued in response to stakeholders’ concerns about the uncertainty over the accounting for deferred taxes arising from the implementation of OECD’s Pillar Two model rules.
According to BDO research, 51% of surveyed construction companies plan to increase their workforce in the second half of 2023. Interestingly, the next generation considers the construction industry as only the 8th most popular career choice.
Approximate environmental damage calculations calculated by the State Environmental Inspection in accordance with approved methods as of the beginning of June 2023 amount to UAH 1,970 billion (~EUR 50 billion)
In Ukraine, taxes and statutory charges are levied in accordance with the Tax Code of Ukraine (effective from 2011). The major taxes and compulsory payments are:
Potential investments in Ukrainian economy will involve currency exchange risk as significant part of business activity may be nominated in Ukrainian hryvna (UAH), which is not hard currency and is being converted to other currencies through USD.
Pursuant to clause 31 of the Regulation on Transactions with Currency Valuables, approved by the Resolution No. 2 of the Board of the National Bank of Ukraine dated January 2, 2019, dividends may be paid to non-residents only through banks.
The prevention of money laundering in Ukraine is mainly regulated by financial monitoring. Financial monitoring is a set of measures taken by financial monitoring bodies in the field of prevention and counteraction, including state financial monitoring and primary financial monitoring.
Since the war began, millions of Ukrainians moved abroad, and many of them continue to work remotely or have found jobs in their host country. This publication covers the tax rules applicable to Ukrainian refugees in Ukraine and abroad and the ways to pay taxes by those refugees who: