Institute of Accounting and Finance

THE RETENTION PERIODS FOR ACCOUNTING AND FINANCIAL DOCUMENTS HAVE BEEN UPDATED: MAJOR CHANGES

Order of the Ministry of Justice of Ukraine No. 40/5 dated 04.01.2024 (entered into force on 10.02.2024) amended the List of standard documents creat...

FOP RECEIVED A GRANT FROM A CHARITABLE FOUNDATION: WHAT ABOUT TAXATION?

Taxation of income received by an individual entrepreneur (IE) from business activities, except for persons who have chosen the simplified taxation s...

TO THE ATTENTION OF AUDITORS! WE INVITE YOU TO PARTICIPATE IN EDUCATIONAL EVENTS AS PART OF THE CONTINUING EDUCATION OF AUDITORS - 2024

We invite you to participate in educational events as part of the continuing education of auditors - 2024! Our advantages: - highly qualified lecture...

APPLICATION OF THE TAX SOCIAL BENEFIT TO THE SALARY OF A PART-TIME EMPLOYEE

A personal income tax payer is entitled to a reduction in the amount of total monthly taxable income received from one employer in the form of salary...

THE INFLATION RATE IN JANUARY 2024 WAS 100.4%

The State Statistics Service of Ukraine reported that inflation in the consumer market was 0.4% in January 2024 compared to December 2023 and 4.7% in...

A FINE FOR NON-COMPLIANCE WITH THE ESTABLISHED STANDARDS OF WORKPLACES FOR PERSONS WITH DISABILITIES

Employers whose average number of employees with disabilities is less than the standard set forth in Article 19 of Law No. 875 shall annually pay adm...

NUANCES OF RE-REGISTRATION OF AN INDIVIDUAL ENTREPRENEUR

Pursuant to clause 298.1 of Article 298 of the Tax Code of Ukraine No. 2755-VI dated 2 December 2010 (the "TCU"), the procedure for selecting...

RULES FOR INDEXATION OF HOUSEHOLD INCOMES FROM 1 JANUARY 2024: CLARIFICATION OF THE MINISTRY OF SOCIAL POLICY

The Ministry of Social Policy in its letter dated 22.01.2024. No. 8/0/215-24 provided a response to a request for indexation. The letter reminded tha...

THE NATIONAL BANK OF UKRAINE HAS UPDATED A NUMBER OF CURRENCY RESTRICTIONS

The NBU has updated a number of currency restrictions to bring them in line with current legislation. Firstly, starting from 1 December 2023, a new p...

9 FEBRUARY IS THE LAST DAY FOR FILING TAX RETURNS FOR THE FOURTH QUARTER AND THE ENTIRE YEAR 2023

9 February is the deadline for submitting a number of types of tax reports for the fourth quarter and 2023, as well as "alcohol and tobacco" reports...

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