SlideShare a Scribd company logo
1 of 23
Download to read offline
 
	
  
	
  
	
  
	
  
	
  
	
  
Informa)on	
  Brochure	
  
©	
  HWC,	
  Kyiv,	
  2016	
  
Outsourcing	
  Services	
  
	
  	
  Accoun)ng	
  &	
  Tax	
  
2HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
CONTENT	
  
1.  SPECIFICS	
  OF	
  THE	
  UKRAINIAN	
  MARKET	
   	
   	
   	
  	
  3	
  
2.  ACCOUNTING	
  IN	
  UKRAINE	
  	
   	
   	
   	
   	
  	
  4	
  
3.  MAIN	
  TAXES	
  IN	
  UKRAINE	
  	
  	
  	
   	
   	
   	
   	
  	
  5	
  
4.  START-­‐UP	
  COST	
   	
   	
   	
   	
   	
  	
  6	
  
5.  INTERNATIONAL	
  PAYMENTS	
   	
   	
   	
   	
  	
  6	
  
6.  PAYMENTS	
  IN	
  FOREIGN	
  CURRENCY	
   	
   	
   	
  	
  7	
  
7.  CORPORATE	
  PROFIT	
  TAX	
  (CPT) 	
   	
   	
   	
  	
  7	
  
8.  VALUE	
  ADDED	
  TAX	
  (VAT) 	
   	
   	
   	
  	
  9	
  
9.  PERSONAL	
  INCOME	
  TAX	
  (PIT) 	
   	
   	
   	
  11	
  
10.  UNIFIED	
  SOCIAL	
  SECURITY	
  CONTRIBUTION	
  (USSC) 	
   	
  12	
  
11.  MILITARY	
  TAX 	
   	
   	
   	
   	
  13	
  
12.  SIMPLIFIED	
  TAXATION	
  SYSTEM	
  (SINGLE	
  TAX)	
   	
   	
  14	
  
13.  CASH	
  PAYMENTS 	
   	
   	
   	
   	
  16	
  
14.  FOREIGN	
  CURRENCY	
  TRANSACTIONS 	
   	
   	
  17	
  
15.  LICENSING 	
   	
   	
   	
   	
  18	
  
16.  TRANSFER	
  PRICING	
   	
   	
   	
   	
  19	
  
17.  PERSONNEL	
  ADMINISTRATION 	
   	
   	
   	
  20	
  
18.  OPTIONS	
  TO	
  FINANCE	
  UKRAINIAN	
  SUBSIDIARIES 	
   	
  22	
  	
  
	
  
	
  
	
  	
  
	
  
3HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
1.	
  SPECIFICS	
  OF	
  THE	
  UKRAINIAN	
  MARKET	
  
On	
  January	
  1,	
  2016,	
  the	
  European	
  Union	
  	
  (the	
  EU)	
  and	
  Ukraine	
  began	
  applying	
  the	
  
Free	
  Trade	
  Area,	
  which	
  forms	
  the	
  part	
  of	
  the	
  EU-­‐Ukraine	
  Associa)on	
  Agreement	
  
signed	
  on	
  27	
  June	
  2014.	
  The	
  poli)cal	
  part	
  of	
  the	
  Associa)on	
  Agreement	
  came	
  into	
  
force	
  in	
  November	
  2014	
  (the	
  status	
  of	
  the	
  Associa)on	
  Agreement	
  is	
  “temporary”	
  
un)l	
   the	
   Parliaments	
   of	
   all	
   countries-­‐members	
   of	
   the	
   EU	
   will	
   approve	
   the	
  
Agreement).	
  	
  
	
  
Making	
  business	
  in	
  Ukraine	
  is	
  embedded	
  into	
  a	
  quite	
  unique	
  market	
  situa)on.	
  On	
  
the	
   one	
   hand	
   the	
   country	
   is	
   associa)ng	
   itself	
   towards	
   the	
   European	
   Union	
   by	
  
ini)alizing	
   reforms	
   and	
   rejuvena)ng	
   its	
   authori)es.	
   	
   This	
   atmosphere	
   of	
   change	
  
promises	
  massive	
  chances	
  to	
  capture	
  a	
  remunera)ve	
  market.	
  On	
  the	
  other	
  hand	
  
the	
   country	
   conducts	
   its	
   heritage	
   of	
   the	
   former	
   Soviet	
   Union	
   including	
   laws	
   and	
  
regula)ons,	
   specific	
   local	
   accoun)ng	
   standards,	
   a	
   variety	
   of	
   different	
   authori)es	
  
directly	
  impac)ng	
  the	
  business	
  world	
  by	
  a	
  high	
  level	
  of	
  bureaucracy	
  and	
  corrup)on.	
  
Excellent	
  personal	
  rela)onships	
  and	
  the	
  crea)on	
  of	
  trust	
  are	
  essen)al	
  to	
  establish	
  a	
  
successful	
  joint	
  venture	
  or	
  market	
  presence.	
  
	
  
HWC	
  is	
  combining	
  local	
  exper)se	
  with	
  Western	
  European	
  business	
  manner	
  and	
  acts	
  
as	
   the	
   interface	
   between	
   you	
   and	
   this	
   complex	
   environment.	
   Adap)ng	
   your	
  
business	
   to	
   the	
   Ukrainian	
   market,	
   consul)ng	
   on	
   business	
   relevant	
   decisions	
   and	
  
suppor)ng	
  with	
  business	
  services	
  is	
  our	
  core	
  competence.	
  
	
  
	
  
Making	
  your	
  business	
  work	
  –	
  is	
  what	
  we	
  do!
4HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
§  With	
  effect	
  from	
  January	
  1,	
  2000,	
  Ukraine	
  implemented	
  the	
  Na)onal	
  Accoun)ng	
  
Standards	
   (NAS),	
   which	
   are	
   primarily	
   based	
   on	
   the	
   Interna)onal	
   Financial	
  
Repor)ng	
  Standards	
  (IFRS);	
  	
  
§  Since	
   January	
   1,	
   2012,	
   all	
   taxpayers	
   in	
   Ukraine	
   are	
   allowed	
   to	
   use	
   IFRS	
   for	
  
financial	
  repor)ng;	
  
§  Regardless	
  of	
  NAS	
  or	
  IFRS	
  being	
  in	
  use,	
  a	
  taxpayer	
  has	
  to	
  complete	
  a	
  significant	
  
number	
  of	
  different	
  accoun)ng	
  and	
  repor)ng	
  forms	
  required	
  by	
  the	
  local	
  law;	
  
§  Financial	
   statements	
   (incl.	
   balance	
   sheet,	
   income	
   statement,	
   cash	
   flow	
  
statement,	
   statement	
   of	
   changes	
   in	
   equity	
   and	
   notes	
   to	
   the	
   financial	
  
statements)	
  are	
  to	
  be	
  prepared	
  in	
  local	
  currency	
  and	
  must	
  be	
  filed	
  for	
  a	
  calendar	
  
year	
  and	
  relevant	
  interim	
  repor)ng	
  periods	
  (quarters);	
  	
  
§  Taxpayers	
  are	
  not	
  able	
  to	
  use	
  their	
  own	
  “charts	
  of	
  accounts”	
  and	
  have	
  to	
  adapt	
  
them	
   in	
   line	
   with	
   the	
   essen)al	
   “Chart	
   of	
   Accounts”,	
   directly	
   required	
   by	
   the	
  
Ukrainian	
  law.	
  As	
  a	
  result,	
  the	
  number	
  of	
  accoun)ng	
  entries	
  to	
  be	
  made	
  is	
  about	
  
twice	
  as	
  much	
  as	
  in	
  comparison	
  with	
  the	
  requirements	
  to	
  the	
  foreign	
  en))es	
  in	
  	
  
comparable	
  situa)ons;	
  
§  Certain	
   obligatory	
   principles	
   have	
   to	
   be	
   applied	
   by	
   any	
   local	
   taxpayer	
   when	
  
preparing	
  its	
  “accoun)ng	
  policy”.	
  The	
  Ukrainian	
  government	
  adopted	
  the	
  list	
  of	
  
items	
  are	
  to	
  be	
  regulated	
  by	
  the	
  “accoun)ng	
  policy”;	
  
§  “Customs	
  declara)on”	
  (for	
  import/export	
  of	
  goods)	
  and	
  “Act	
  of	
  acceptance”	
  (for	
  
other	
  cases)	
  are	
  essen)al	
  for	
  tax	
  and	
  accoun)ng.	
  “Invoice”	
  is	
  rather	
  formal	
  than	
  
essen)al	
  document.	
  “Credit	
  note”	
  is	
  not	
  required	
  at	
  all;	
  	
  
	
  
	
  	
  	
  	
  	
  	
  Basic	
  accoun6ng	
  principles	
  are:	
  
§  Accoun)ng	
  is	
  based	
  on	
  historical	
  cost	
  which	
  is	
  subject	
  to	
  infla)on	
  
adjustments;	
  
§  Accoun)ng	
  direc)ves	
  are	
  aimed	
  at	
  uniformity	
  and	
  con)nuity	
  across	
  	
  
businesses;	
  
§  Design	
  of	
  the	
  accoun)ng	
  forms	
  is	
  regulated	
  by	
  NAS;	
  
§  Form	
  of	
  a	
  transac)on	
  prevails	
  over	
  its	
  substance	
  for	
  the	
  accoun)ng;	
  	
  
§  In	
  par)cular	
  NAS	
  implement	
  and	
  develop	
  accoun)ng	
  rules.	
  	
  
	
  
2.	
  ACCOUNTING	
  IN	
  UKRAINE	
  
	
  
5HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
§  	
  Corporate	
  Profit	
  	
  Tax	
  (CPT)	
  
	
   	
  Basic	
  Rate	
  -­‐	
  18%;	
  
	
  Cap	
  –	
  n/a;	
  
	
  Repor)ng	
  periods	
  –	
  calendar	
  quarter,	
  half	
  year,	
  three	
  	
  quarters,	
  year	
  
	
  
§  Value	
  Added	
  Tax	
  (VAT)	
  
	
  Cap	
  -­‐	
  n/a;	
  
	
  Basic	
  Rates	
  -­‐	
  0%;	
  7%	
  and	
  20%;	
  
	
  Repor)ng	
  period	
  -­‐	
  calendar	
  month.	
  
	
  
§  Personal	
  Income	
  Tax	
  (PIT)	
  	
  
	
  Cap	
  	
  -­‐	
  n/a;	
  	
  
	
  Basic	
  Rates	
  -­‐	
  18%;	
  
	
  Repor)ng	
  period	
  -­‐	
  calendar	
  quarter.	
  
	
  
§  Unified	
  Social	
  Security	
  Contribu6on	
  (USSC);	
  
	
  Cap	
  –	
  up	
  to	
  25	
  minimum	
  wages;	
  	
  
(UAH	
  34,450	
  for	
  Jan–April	
  2016	
  and	
  UAH	
  36,250	
  for	
  May	
  -­‐	
  Dec	
  2015;	
  	
  
	
  Basic	
  Rates:	
  	
  	
  -­‐	
  employee	
  –	
  n/a	
  (payroll	
  and	
  civil	
  law	
  );	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  -­‐	
  employer	
  -­‐	
  	
  22%;	
  
	
  Repor)ng	
  period	
  -­‐	
  calendar	
  month.	
  
	
  
§  Military	
  Tax	
  	
  
	
  Cap	
  –	
  Gross	
  salary	
  (including	
  any	
  benefits);	
  	
  
	
  Basic	
  Rates:	
  	
  employee	
  	
  -­‐	
  	
  1,5%;	
  	
  
	
  Repor)ng	
  period	
  -­‐	
  calendar	
  quarter.	
  
	
  
§  Excise	
  Taxes	
  	
  
	
  Excise	
  tax	
  applies	
  to	
  the	
  exhaus)ve	
  list	
  of	
  the	
  goods	
  imported	
  to	
  or	
  
	
  produced	
  in	
  Ukraine,	
  including	
  mainly:	
  	
  alcoholic	
  beverages,	
  tobacco	
  	
  	
  	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  and	
  tobacco	
  products,	
  fuel,	
  and	
  certain	
  other	
  products;	
  
	
  
	
  The	
  rates	
  of	
  the	
  excise	
  tax	
  can	
  be	
  “ad	
  valorem”	
  (a	
  percentage	
  of	
  the	
  
	
  value	
  of	
  the	
  goods),	
  “specific”	
  (in	
  monetary	
  units	
  per	
  unit	
  of	
  goods),	
  or	
  
	
   “combined”.	
   The	
   rates	
   of	
   the	
   excise	
   tax	
   are	
   subject	
   to	
   permanent	
  
	
  changes	
  and	
  must	
  be	
  checked	
  for	
  each	
  par)cular	
  case	
  separately.	
  
	
  
3.	
  MAIN	
  TAXES	
  IN	
  UKRAINE	
  
	
  
6HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
§  During	
   the	
   start-­‐up	
   any	
   founder/shareholder	
   of	
   a	
   NewCo,	
   as	
   a	
   rule,	
   have	
   to	
  
incur	
  certain	
  expenses	
  (e.g.	
  registra)on	
  fees,	
  notary	
  fees,	
  payments	
  to	
  lawyers,	
  
etc.)	
   before	
   comple)ng	
   of	
   a	
   NewCo’s	
   registra)on	
   and	
   opening	
   its	
   bank	
  
accounts;	
  
§  The	
  Na)onal	
  Accoun)ng	
  Standards,	
  which	
  are	
  the	
  essen)al	
  ground	
  since	
  2015	
  
to	
   form	
   the	
   taxable	
   base,	
   directly	
   presume	
   possibility	
   to	
   deduct	
   for	
   the	
   CPT	
  
purpose	
  the	
  expenses	
  required	
  by	
  the	
  Ukrainian	
  law	
  for	
  the	
  registra)on	
  (e.g.	
  
the	
  registra)on	
  fees,	
  du)es,	
  etc.);	
  	
  	
  
§  Deduc)bility	
  for	
  the	
  CPT	
  purposes	
  of	
  the	
  “addi)onal”	
  expenses	
  paid	
  before	
  the	
  
state	
   registra)on	
   completed	
   and/or	
   not	
   from	
   a	
   NewCo’s	
   bank	
   accounts	
   (e.g.	
  
payments	
  for	
  the	
  office	
  equipment,	
  furniture,	
  sta)onary,	
  etc.)	
  is	
  ques)onable,	
  
and,	
  as	
  a	
  rule,	
  unaccepted	
  by	
  the	
  local	
  fiscal	
  authori)es;	
  	
  
§  In	
   order	
   to	
   prevent	
   non-­‐deductable	
   expenses,	
   a	
   founder/shareholder	
   should	
  
pay	
  the	
  “addi)onal”	
  expenses,	
  arer	
  the	
  registra)on	
  completed	
  and	
  from	
  the	
  
registered	
  NewCo’s	
  bank	
  account.	
  
	
  
5.	
  INTERNATIONAL	
  PAYMENTS	
  
§  Ukraine	
  has	
  a	
  moderately	
  well-­‐developed	
  network	
  of	
  effec)ve	
  double	
  taxa)on	
  
trea)es.	
   The	
   rules	
   incorporated	
   in	
   DTTs	
   ra)fied	
   by	
   Ukraine	
   prevail	
   over	
   the	
  
same	
  ones	
  contained	
  in	
  the	
  Ukrainian	
  domes)c	
  tax	
  legisla)on.	
  	
  
§  To	
  be	
  eligible	
  for	
  the	
  reduced	
  tax	
  rates	
  prescribed	
  by	
  the	
  DTT,	
  inter	
  alia,	
  the	
  
beneficial	
   ownership	
   test	
   needs	
   to	
   be	
   passed.	
   Under	
   Ukrainian	
   law	
   the	
  
beneficial	
   owner	
   of	
   the	
   income	
   is	
   a	
   person	
   who	
   has	
   the	
   right	
   to	
   receive	
   the	
  
relevant	
   Ukrainian-­‐source	
   income,	
   and	
   is	
   not	
   an	
   agent,	
   nominee	
   or	
  
intermediary	
   (conduit).	
   In	
   addi)on,	
   the	
   cer)ficate	
   of	
   residence	
   of	
   a	
   foreign	
  
recipient	
  in	
  the	
  relevant	
  jurisdic)on	
  is	
  a	
  must.	
  
4.	
  START-­‐UP	
  COST	
  	
  
	
  
7HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
§  Seslements	
  between	
  residents	
  and	
  nonresidents	
  of	
  Ukraine	
  in	
  trade	
  and	
  service	
  
transac)ons	
  are	
  allowed	
  in	
  both	
  hard	
  and	
  local	
  (UAH)	
  currencies;	
  	
  
§  Seslements	
  under	
  export/import	
  of	
  goods,	
  works	
  or	
  services	
  contracts	
  must	
  be	
  
made	
  within	
  the	
  period	
  not	
  exceeding	
  90	
  calendar	
  days.	
  Otherwise	
  a	
  penalty	
  
(0,3%	
   of	
   the	
   overdue	
   debt)	
   will	
   apply	
   for	
   each	
   day	
   of	
   the	
   delay.	
   The	
   90-­‐day	
  
period	
  may	
  be	
  extended	
  only	
  based	
  on	
  an	
  individual	
  permission	
  granted	
  by	
  the	
  
relevant	
  Ukrainian	
  state	
  authori)es;	
  
§  Offset	
  of	
  the	
  debt	
  between	
  a	
  resident	
  and	
  a	
  non-­‐resident	
  is	
  not	
  allowed.	
  This	
  is	
  
due	
  to	
  the	
  fact	
  that	
  an	
  offset	
  results	
  in	
  viola)on	
  of	
  the	
  90-­‐day	
  rule	
  (i.e.	
  no	
  funds	
  
actually	
  transferred	
  to	
  the	
  bank	
  account	
  of	
  a	
  Ukrainian	
  exporter);	
  
§  75%	
   of	
   foreign	
   currency	
   proceeds	
   received	
   by	
   residents	
   under	
   cross-­‐border	
  
agreements	
  must	
  be	
  sold	
  on	
  the	
  Ukrainian	
  inter-­‐bank	
  foreign	
  exchange	
  market.	
  
The	
  foreign	
  currency	
  must	
  be	
  sold	
  not	
  later	
  than	
  the	
  next	
  business	
  day	
  arer	
  the	
  
relevant	
  proceeds	
  have	
  been	
  credited	
  to	
  the	
  bank	
  account;	
  
§  If	
  Ukrainian	
  en)ty	
  intends	
  to	
  pay	
  to	
  its	
  foreign	
  counterpart	
  for	
  services,	
  or	
  use	
  
of	
  the	
  intellectual	
  property	
  rights	
  in	
  excess	
  of	
  USD	
  50,000	
  (or	
  its	
  equivalent	
  in	
  
another	
  foreign	
  currency),	
  such	
  Ukrainian	
  en)ty	
  shall	
  obtain	
  a	
  price	
  valua)on	
  
statement	
  from	
  the	
  State	
  Informa)on	
  and	
  Analy)cal	
  Center	
  for	
  Monitoring	
  of	
  
External	
  Commodity	
  Markets.	
  Otherwise,	
  the	
  bank	
  will	
  disallow	
  the	
  transfer;	
  
§  The	
   Na)onal	
   Bank	
   of	
   Ukraine	
   announced	
   significant	
   changes	
   off	
   the	
   foreign	
  
currency	
  regula)ons	
  during	
  the	
  1st	
  and/or	
  2nd	
  quarter	
  2016.	
  Therefore	
  the	
  issue	
  
in	
  ques)on	
  has	
  to	
  be	
  monitored	
  on	
  permanent	
  bases.	
  
6.	
  PAYMENTS	
  IN	
  FOREIGN	
  CURRENCY	
  
7.	
  CORPORATE	
  PROFIT	
  TAX	
  (CPT)	
  
	
  §  Since	
  2015,	
  in	
  par)cular	
  the	
  annual	
  financial	
  result	
  (profit	
  or	
  loss	
  from	
  ordinary	
  
ac)vi)es	
   before	
   taxa)on)	
   declared	
   by	
   a	
   taxpayer	
   in	
   its	
   financial	
   repor)ng	
  
(prepared	
  in	
  line	
  with	
  NAS	
  or	
  IFRS)	
  and	
  adjusted	
  by	
  several	
  gains/losses	
  directly	
  
presumed	
  by	
  the	
  Tax	
  Code,	
  is	
  to	
  be	
  taken,	
  as	
  the	
  basis	
  for	
  the	
  CPT	
  calcula)on;	
  
§  A	
  Taxpayer,	
  whose	
  annual	
  income	
  (net	
  VAT)	
  from	
  any	
  ac)vi)es	
  does	
  not	
  exceed	
  
UAH	
  20	
  mln.	
  may	
  not	
  apply,	
  at	
  its	
  own	
  discre)on,	
  any	
  adjustments,	
  except	
  the	
  
losses	
  carried	
  forward	
  from	
  the	
  previous	
  periods;	
  	
  	
  
§  If	
   it	
   is	
   the	
   case,	
   then	
   the	
   taxpayer	
   will	
   not	
   be	
   able	
   to	
   apply	
   the	
   adjustments	
  
during	
   all	
   subsequent	
   repor)ng	
   periods	
   (years),	
   un)l	
   its	
   annual	
   income	
   (net	
  
VAT)	
  exceeds	
  the	
  threshold	
  of	
  UAH	
  20	
  mln.;	
  	
  
	
  
8HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
§  A	
  Taxpayer,	
  whose	
  annual	
  income	
  (net	
  VAT)	
  from	
  any	
  ac)vi)es	
  exceed	
  UAH	
  20	
  
mln.,	
   shall	
   apply	
   the	
   adjustments	
   required/granted	
   by	
   the	
   Tax	
   Code.	
   The	
  
adjustments	
   are	
   mainly	
   relevant	
   to	
   the	
   transfer	
   pricing	
   rules,	
   accruals	
   of	
  
reserves,	
  deprecia)on	
  of	
  noncurrent	
  assets,	
  etc.;	
  
§  CPT	
   e-­‐return	
   shall	
   be	
   filed	
   with	
   the	
   local	
   fiscal	
   (tax)	
   authori)es	
   during	
   40	
  
calendar	
   days	
   following	
   the	
   repor)ng	
   period	
   (for	
   the	
   quarterly	
   repor)ng)	
   and	
  
during	
  60	
  calendar	
  days	
  following	
  the	
  reported	
  year.	
  CPT	
  liabili)es	
  shall	
  be	
  paid	
  
during	
  10	
  (ten)	
  days	
  following	
  the	
  deadline	
  presumed	
  to	
  filie	
  the	
  CPT	
  return;	
  	
  	
  
§  Certain	
   business	
   may	
   qualify	
   for	
   a	
   different	
   tax	
   regime,	
   including	
   agricultural,	
  
insurance	
  and	
  certain	
  other	
  businesses	
  specified	
  in	
  the	
  Tax	
  Code.	
  
	
  Advanced	
  CPT	
  payment	
  	
  
§  Only	
  one	
  advanced	
  CPT	
  payment	
  is	
  mandatory	
  for	
  the	
  taxpayers,	
  which	
  report	
  
quarterly;	
  
§  Advanced	
  CPT	
  payment	
  is	
  due	
  by	
  the	
  end	
  of	
  the	
  repor)ng	
  calendar	
  year	
  in	
  the	
  
amount	
  of	
  2/9	
  of	
  the	
  CPT	
  liabili)es	
  are	
  due	
  as	
  a	
  result	
  of	
  the	
  CIT	
  declara)on	
  for	
  
the	
  three	
  quarters	
  of	
  such	
  repor)ng	
  calendar	
  year;	
  	
  
§  In	
  general,	
  	
  quarterly	
  repor)ng	
  required	
  by	
  the	
  law	
  from	
  the	
  CIT	
  payers,	
  whose	
  
annual	
   income	
   from	
   any	
   ac)vi)es	
   (net	
   VAT),	
   	
   exceeds	
   UAH	
   20	
   mln.	
   for	
   the	
  
previous	
  repor)ng	
  calendar	
  	
  year;	
  	
  
§  Accruals	
   and	
   payments	
   of	
   the	
   CPT	
   on	
   dividends	
   are	
   subject	
   to	
   separate	
  
regula)ons.	
  The	
  CPT	
  and	
  Withholding	
  Tax	
  on	
  dividends	
  are	
  separate	
  taxes;	
  
§  Being	
  registered	
  during	
  a	
  calendar	
  year	
  a	
  taxpayer	
  shall	
  file	
  annual	
  CPT	
  return	
  
for	
   such	
   year	
   and	
   shall	
   pay	
   CPT	
   (if	
   any)	
   for	
   the	
   period	
   from	
   the	
   date	
   of	
   its	
  
registra)on	
  )ll	
  the	
  end	
  of	
  the	
  relevant	
  calendar	
  year;	
  
	
  
9HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
§  As	
  of	
  1	
  January	
  2016,	
  there	
  are	
  three	
  VAT	
  rates:	
  20%,	
  7%,	
  and	
  0%;	
  
§  The	
  rate	
  of	
  20%	
  applies	
  to	
  almost	
  all	
  transac)ons	
  subject	
  to	
  VAT	
  except	
  specific	
  
transac)ons	
   subject	
   to	
   7%	
   (medicines,	
   medical	
   goods	
   and	
   equipment	
   incl.	
   for	
  
trial)	
  and	
  0%	
  (export	
  of	
  goods,	
  interna)onal	
  transport	
  and	
  tolling	
  services);	
  
§  Provision	
  of	
  services	
  to	
  a	
  non-­‐resident	
  is	
  not	
  directly	
  considered	
  to	
  be	
  zero-­‐rated.	
  
Such	
  services	
  are	
  subject	
  to	
  20%	
  VAT	
  or	
  considered	
  to	
  be	
  outside	
  of	
  the	
  scope	
  of	
  
VAT	
  (with	
  no	
  right	
  to	
  claim	
  input	
  VAT)	
  depending	
  on	
  “the	
  place	
  of	
  supply”,	
  as	
  it	
  is	
  
in	
  the	
  Tax	
  Code;	
  
§  VAT	
   registra)on	
   is	
   obligatory	
   for	
   a	
   taxpayer,	
   whose	
   volume	
   of	
   VAT-­‐able	
  
opera)ons	
   exceeds	
   UAH	
   1	
   mln.	
   during	
   the	
   preceding	
   12	
   months;	
   Voluntary	
  
registra)on	
  allowed	
  as	
  well,	
  even	
  for	
  those	
  taxpayers,	
  which	
  have	
  no	
  VAT-­‐able	
  
opera)ons	
  (e.g.	
  VAT	
  registra)on	
  during	
  the	
  ini)al	
  registra)on	
  as	
  a	
  taxpayer);	
  In	
  
2016	
  the	
  restric)on	
  to	
  credit	
  input	
  VAT	
  in	
  excess	
  of	
  paid	
  output	
  VAT	
  does	
  not	
  
applied;	
  	
  
§  Registra)on	
   of	
   a	
   non-­‐resident	
   company	
   as	
   a	
   VAT	
   payer	
   is	
   not	
   possible.	
   Being	
  
unregistered	
  as	
  VAT	
  payer,	
  a	
  non-­‐resident	
  cannot	
  claim	
  a	
  VAT	
  refund	
  of	
  input	
  
VAT	
  	
  paid	
  in	
  Ukraine;	
  
§  The	
  “first	
  event”	
  rule	
  applies	
  to	
  input	
  and	
  output	
  VAT.	
  Under	
  the	
  “first	
  event”	
  
rule,	
  the	
  liability	
  to	
  pay	
  output	
  VAT	
  as	
  well	
  as	
  the	
  right	
  to	
  credit	
  input	
  VAT	
  arises	
  
either	
   at	
   the	
   moment	
   of	
   receiving	
   services/	
   goods	
   (signing	
   of	
   the	
   acts	
   of	
  
acceptance)	
  or	
  when	
  paying	
  money	
  for	
  the	
  services/	
  goods,	
  depending	
  on	
  which	
  
event	
  happens	
  first;	
  
§  VAT	
  e-­‐declara)on	
  is	
  to	
  be	
  filed	
  with	
  the	
  local	
  tax	
  authori)es	
  monthly,	
  by	
  the	
  20th	
  
day	
  of	
  the	
  month	
  following	
  the	
  repor)ng	
  one.	
  Relevant	
  tax	
  liabili)es	
  (if	
  any)	
  are	
  
to	
  be	
  paid	
  during	
  10	
  days	
  following	
  the	
  repor)ng	
  deadline;	
  
§  Taxpayer,	
  who	
  applies	
  paying	
  Simple	
  Tax	
  at	
  the	
  rate	
  5	
  %	
  (for	
  details	
  see	
  below)	
  
may	
  work	
  without	
  registra)on	
  as	
  VAT	
  payer;	
  
§  In	
  2016	
  an	
  absence	
  of	
  a	
  VAT-­‐payer	
  at	
  the	
  address,	
  which	
  was	
  declared	
  by	
  such	
  
VAT-­‐	
   payer	
   as	
   its	
   tax	
   address,	
   does	
   not	
   lead	
   to	
   the	
   cancela)on	
   of	
   its	
   VAT	
  
registra)on.	
  
8.	
  VALUE	
  ADDED	
  TAX	
  
10HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
Electronic	
  VAT	
  administra6on	
  
§  In	
  Ukraine	
  the	
  Electronic	
  VAT	
  administra)on	
  came	
  into	
  force	
  in	
  January	
  2015;	
  	
  
§  A	
  separate	
  VAT	
  bank	
  account	
  is	
  required	
  for	
  the	
  electronic	
  VAT	
  administra)on;	
  	
  
§  All	
  VAT	
  invoices	
  and	
  correc)ons	
  shall	
  be	
  registered	
  in	
  the	
  “Register	
  of	
  the	
  Tax	
  
Invoices”	
  (the	
  -­‐	
  Register)	
  during	
  15	
  calendar	
  days	
  following	
  the	
  date	
  of	
  issuing.	
  
Registra)on	
   delay	
   results	
   in	
   fines	
   up	
   to	
   50%	
   of	
   the	
   respec)ve	
   VAT.	
   All	
   VAT	
  
invoices	
  shall	
  be	
  issued	
  in	
  electronic	
  form.	
  No	
  paper	
  copies	
  are	
  required	
  for	
  the	
  
accoun)ng;	
  	
  	
  
§  VAT	
  liabili)es	
  shall	
  be	
  paid	
  from	
  the	
  separate	
  VAT	
  account.	
  If	
  the	
  volume	
  of	
  the	
  
funds	
  on	
  the	
  VAT	
  account	
  is	
  lower	
  than	
  the	
  VAT	
  liabili)es	
  to	
  be	
  paid,	
  a	
  tax	
  payer	
  
has	
  to	
  transfer	
  a	
  sufficient	
  amount	
  from	
  its	
  opera)onal	
  bank	
  account	
  to	
  the	
  VAT	
  
bank	
  account	
  to	
  compensate	
  the	
  lack	
  of	
  the	
  funds;	
  
§  For	
   the	
   purposes	
   of	
   input	
   VAT	
   adjustments	
   (pro-­‐rata	
   or	
   self-­‐assessed	
   VAT	
  
liabili)es)	
   a	
   consolidated	
   VAT	
   invoice	
   should	
   be	
   issued	
   by	
   the	
   end	
   of	
   the	
  
respec)ve	
  month;	
  	
  
§  A	
  registered	
  VAT	
  invoice	
  can	
  be	
  included	
  into	
  input	
  VAT	
  within	
  365	
  days	
  arer	
  
issuing.	
  
	
  
VAT	
  recovery	
  and	
  refunds	
  
§  Generally,	
   VAT	
   incurred	
   by	
   a	
   registered	
   en)ty	
   on	
   the	
   purchase	
   and/	
   or	
  
importa)on	
   of	
   goods	
   and	
   services	
   used	
   for	
   the	
   purpose	
   of	
   its	
   own	
   business	
  
(except	
  for	
  VAT	
  incurred	
  in	
  rela)on	
  to	
  exempt	
  supply)	
  may	
  be	
  recovered	
  by	
  way	
  
of	
   a	
   credit	
   against	
   output	
   VAT.	
   If	
   the	
   credited	
   VAT	
   exceeds	
   output	
   VAT,	
   the	
  
refund	
  is	
  available	
  in	
  monetary	
  form;	
  
§  An	
  automa)c	
  VAT	
  refund	
  procedure	
  is	
  available	
  for	
  the	
  eligible	
  taxpayers.	
  Two	
  
separate	
  registers	
  (chronological)	
  will	
  be	
  implemented	
  from	
  Feb.1,	
  2016.	
  
Special	
  VAT	
  regime	
  for	
  the	
  agricultural	
  companies	
  
§  Till	
  2016	
  the	
  agricultural	
  companies	
  were	
  allowed	
  to	
  accumulate	
  100%	
  of	
  their	
  
VAT	
  liabili)es	
  on	
  the	
  special	
  bank	
  accounts	
  and	
  use	
  this	
  accumulated	
  VAT	
  for	
  the	
  
business	
  development;	
  
§  	
  In	
  2016	
  the	
  agricultural	
  companies	
  must	
  pay	
  VAT,	
  	
  pro	
  rate,	
  i.e.:	
  
§  VAT	
  on	
  grain	
  -­‐	
  85%	
  to	
  the	
  budget	
  and	
  15%	
  to	
  the	
  special	
  bank	
  account;	
  
§  VAT	
  on	
  milk/meat	
  -­‐	
  20	
  %	
  to	
  the	
  budget	
  and	
  80%	
  to	
  the	
  special	
  bank	
  account;	
  
§  VAT	
  on	
  other	
  products-­‐	
  50%	
  to	
  the	
  budget	
  and	
  50%to	
  the	
  special	
  bank	
  
account	
  
11HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
§  Individuals	
  -­‐	
  tax	
  residents	
  are	
  subject	
  to	
  PIT	
  in	
  Ukraine,	
  regardless	
  of	
  whether	
  
they	
  are	
  ci)zens	
  of	
  Ukraine	
  or	
  not.	
  Tax	
  residence,	
  as	
  a	
  rule,	
  is	
  regulated	
  by	
  the	
  
Double	
  Tax	
  Trea)es	
  concluded	
  between	
  Ukraine	
  and	
  a	
  country	
  of	
  residence	
  of	
  
the	
  individual	
  non-­‐resident.	
  Individuals	
  -­‐	
  tax	
  residents	
  are	
  to	
  be	
  taxed	
  on	
  their	
  
worldwide	
  income;	
  	
  
§  There	
  is	
  one	
  standard	
  rates	
  of	
  PIT	
  in	
  Ukraine	
  -­‐	
  18%;	
  	
  
§  Dividends	
   are	
   paid	
   by	
   a	
   CPT	
   payer	
   are	
   subject	
   to	
   PIT	
   at	
   the	
   rate	
   	
   5%.	
   Other	
  
passive	
  income	
  (incl.	
  interests,	
  royal)es,	
  dividends	
  paid	
  by	
  a	
  non	
  CPT	
  payer,	
  etc.)	
  	
  
are	
  subject	
  to	
  PIT	
  at	
  the	
  rate	
  18%;	
  	
  	
  	
  
§  In	
  general,	
  PIT	
  shall	
  be	
  withheld	
  at	
  the	
  payment	
  sources	
  and	
  shall	
  be	
  paid	
  out	
  by	
  
the	
  employer	
  prior	
  to	
  or	
  simultaneously	
  with	
  the	
  relevant	
  taxable	
  payments	
  (e.g.	
  
salary,	
  payments	
  under	
  the	
  civil	
  law	
  agreements,	
  etc);	
  
§  In	
  general,	
  the	
  employees	
  (incl.	
  non-­‐residents	
  working	
  in	
  Ukraine),	
  who	
  have	
  the	
  
wage	
  as	
  one	
  source	
  of	
  income,	
  are	
  not	
  liable	
  to	
  file	
  PIT	
  declara)on;	
  Reports	
  on	
  
personal	
  income	
  tax	
  (Form	
  –	
  “1DF”)	
  of	
  these	
  employees	
  shall	
  be	
  quarterly	
  filed	
  
by	
   the	
   employers,	
   and	
   must	
   include	
   informa)on	
   regarding	
   each	
   of	
   the	
  
employees	
  as	
  to	
  the	
  income	
  received	
  and	
  PIT	
  withheld;	
  
§  Income	
  from	
  foreign	
  sources	
  or	
  income	
  from	
  Ukrainian	
  sources,	
  which	
  was	
  not	
  
taxed	
  at	
  the	
  sources,	
  is	
  subject	
  to	
  taxa)on	
  in	
  Ukraine.	
  The	
  tax	
  liabili)es	
  are	
  to	
  be	
  
calculated	
  based	
  on	
  the	
  data	
  declared	
  in	
  the	
  annual	
  PIT	
  return;	
  	
  
§  Annual	
  PIT	
  return	
  is	
  to	
  be	
  filed	
  with	
  the	
  local	
  tax	
  authori)es	
  by	
  the	
  1st	
  May	
  of	
  the	
  
calendar	
  year	
  following	
  the	
  repor)ng	
  one.	
  The	
  self-­‐assessed	
  tax	
  is	
  to	
  be	
  paid	
  in	
  
local	
   currency	
   (UAH)	
   by	
   the	
   1st	
   August	
   of	
   the	
   calendar	
   year	
   following	
   the	
  
repor)ng	
  one;	
  
§  Interna)onal	
   agreements	
   signed	
   by	
   Ukraine	
   (i.e.	
   Double	
   Taxa)on	
   Trea)es)	
  
prevail	
   over	
   domes)c	
   legisla)on.	
   Therefore,	
   the	
   lower	
   tax	
   rates	
   or	
   even	
   tax	
  
exemp)on	
  can	
  be	
  applied	
  based	
  on	
  the	
  interna)onal	
  agreements.	
  	
  
9.	
  PERSONAL	
  INCOME	
  TAX	
  (PIT)
12HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
§  Remunera)ons,	
   allowances	
   and	
   other	
   similar	
   payments	
   to	
   employees	
  
(regardless	
   of	
   being	
   locals	
   or	
   foreigners)	
   through	
   payroll	
   are	
   subject	
   to	
   the	
  
Unified	
  Social	
  Security	
  Contribu)on	
  (the	
  “USSC”).	
  The	
  USSC	
  is	
  to	
  be	
  paid	
  by	
  both	
  
employer	
  and	
  employee.	
  
§  Foreigners,	
  who	
  work	
  in	
  the	
  representa)ve	
  offices	
  of	
  foreign	
  companies,	
  are	
  not	
  
liable	
  for	
  the	
  USSC;	
  
§  The	
  USSC	
  covers	
  the	
  payments	
  to	
  the:	
  
§  Pension	
  Fund;	
  	
  
§  Social	
  Security	
  Fund;	
  
§  Unemployment	
  Benefit	
  Fund;	
  
§  Accident	
  Insurance	
  Fund	
  
§  The	
  taxable	
  base	
  for	
  the	
  USSC	
  is	
  capped	
  by	
  25	
  minimum	
  wages,	
  i.e.	
  the	
  cap	
  for	
  
the	
  USSC	
  calcula)on	
  will	
  be:	
  
§  UAH	
  34,450	
  	
  from	
  January	
  1	
  to	
  April	
  30,	
  2016	
  and	
  
§  UAH	
  36,250	
  from	
  May	
  1	
  to	
  December	
  31,	
  2016;	
  	
  
§  The	
  employees	
  are	
  not	
  liable	
  to	
  pay	
  USSC	
  in	
  2016;	
  	
  
§  The	
   employer’s	
   contribu)on	
   cons)tutes	
   22%	
   of	
   the	
   gross	
   income,	
   which,	
  
however,	
  is	
  subject	
  to	
  the	
  cap	
  (see	
  above);	
  	
  
§  The	
  USSC	
  due	
  by	
  the	
  employer	
  is	
  to	
  be	
  paid	
  simultaneously	
  with	
  the	
  relevant	
  
income	
  is	
  paid	
  to	
  the	
  employees	
  or	
  other	
  recipients;	
  
§  The	
  USSC	
  e-­‐reports	
  are	
  to	
  filed	
  with	
  the	
  fiscal	
  authori)es	
  by	
  the	
  20th	
  day	
  of	
  the	
  
month,	
  following	
  the	
  repor)ng	
  one.	
  If	
  an	
  employer	
  applies	
  any	
  social	
  benefits,	
  
they	
   should	
   be	
   reported	
   quarterly	
   by	
   the	
   20th	
   calendar	
   day	
   of	
   the	
   month	
  
following	
  relevant	
  quarter.	
  
10.	
  UNIFIED	
  SOCIAL	
  SECURITY	
  CONTRIBUTION
13HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54
Market	
  Entry	
  Consul6ng	
  Ukraine	
  
	
  Company	
  Founda6on	
  Ukraine	
  	
  
General	
  Director	
  Func6on	
  Ukraine	
  
Bookkeeping	
  Ukraine	
  
Accoun6ng	
  Outsourcing	
  Ukraine	
  
Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  GAAP)	
  Ukraine	
  	
  
Payroll	
  Accoun6ng	
  Outsourcing	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Office	
  Rental	
  Ukraine	
  
Office	
  Rental	
  Kyiv	
  
Business	
  Set	
  Up	
  Ukraine	
  
Accoun6ng	
  Ukraine	
  
Payroll	
  Ukraine	
  
Payroll	
  Accou6ng	
  Ukraine	
  
Value	
  added	
  tax	
  Ukraine	
  
Corporate	
  profit	
  tax	
  Ukraine	
  
Income	
  tax	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
Strategy	
  Consul6ng	
  Ukraine	
  
Restructuring	
  Ukraine	
  
Transfer	
  Pricing	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
HR	
  Services	
  in	
  Ukraine	
  
Tax	
  Ukraine	
  
Tax	
  Consul6ng	
  Ukraine	
  
Ukraine	
  
Recrui6ng	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Business	
  Address	
  Ukraine	
  
General	
  Director	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Outstaffing	
  Ukraine	
  
Business	
  Set	
  Up	
  Ukraine	
  
Interna6onal	
  Assignment	
  Ukraine	
  
Outsourcing	
  Accoun6ng	
  Ukraine	
  
Outsourcing	
  Payroll	
  Ukraine	
  
Outsourcing	
  Tax	
  Ukraine	
  
Outsourcing	
  Interna6onal	
  Repor6ng	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
www.hwc.com.ua	
  
Henniger	
  Winkelmann	
  Consul6ng	
  
HWC	
  LLC	
  
	
  	
  
HWC	
  LLC	
  (	
  Henninger	
  Winkelmann	
  Consul6ng	
  )	
  is	
  a	
  Consul6ng	
  Company	
  in	
  
Kyiv,	
  Ukraine,	
  owned	
  and	
  managed	
  by	
  the	
  two	
  german	
  founders	
  Dipl.-­‐
Kfm.	
  Sven	
  Henniger	
  and	
  Dr.	
  Thomas	
  Winkelmann.	
  HWC	
  advises	
  
interna6onal	
  and	
  Ukrainian	
  clients	
  in	
  the	
  areas	
  of	
  Outsourcing	
  Services	
  
(Market	
  Entry	
  Consul6ng	
  ,	
  Company	
  Founda6on	
  ,	
  General	
  Director	
  
Func6on,	
  Interim	
  Management	
  ,	
  Legal	
  Address,	
  Business	
  Address	
  ,	
  
Bookkeeping	
  /	
  Accoun6ng	
  outsourcing	
  ,	
  Interna6onal	
  Repor6ng	
  (	
  IFRS	
  ,	
  US	
  
GAAP)	
  ,	
  Payroll	
  Accoun6ng	
  Outsourcing,	
  Tax	
  Consul6ng	
  ,	
  Recrui6ng	
  ,	
  Office	
  
Rental	
  ,	
  etc.	
  ),	
  Business	
  Services	
  (Strategy	
  Consul6ng	
  ,	
  Restructuring	
  
Advisory	
  ,	
  Due	
  Diligence	
  ,	
  etc.)	
  and	
  Real	
  Estate	
  Services.	
  For	
  further	
  
informa6on:	
  www.hwc.com.ua	
  
	
  	
  
HWC	
  LLC	
  (Henniger	
  Winkelmann	
  Consul6ng)	
  ist	
  eine	
  von	
  den	
  beiden	
  
Namensgebern	
  Dipl.-­‐Kfm.	
  Sven	
  Henniger	
  und	
  Dr.	
  Thomas	
  Winkelmann	
  
gegründete	
  und	
  geführte	
  Unternehmensberatung	
  in	
  Kiew,	
  Ukraine.	
  HWC	
  
berät	
  interna6onale	
  und	
  ukrainische	
  Kunden	
  in	
  den	
  Bereichen	
  
Outsourcing	
  (Markteintri[sberatung,	
  Firmengründung,	
  Interim	
  
Management,	
  Geschäsadresse,	
  Buchhaltung/	
  Buchführung,	
  
Interna6onales	
  Repor6ng	
  (IFRS,	
  US	
  GAAP),	
  Lohnbuchhaltung,	
  
Steuerberatung,	
  Personalsuche,	
  Arbeitsplatz-­‐	
  und	
  
Bürovermietung	
  etc.),	
  Business	
  Services	
  (Strategieberatung,	
  
Restrukturierungsberatung,	
  Due	
  Diligence	
  etc.)	
  und	
  im	
  Bereich	
  Real	
  
Estate.	
  Weitere	
  Informa6onen	
  unter	
  www.hwc.com.ua	
  
	
  	
  
Buchhaltung	
  Ukraine	
  
Buchführung	
  Ukraine	
  
Outsourcing	
  Buchhaltung	
  Ukraine	
  
Outsourcing	
  Buchführung	
  Ukraine	
  
Outsourcing	
  Ukraine	
  
Lohnbuchhaltung	
  Ukraine	
  
Outsourcing	
  Lohnbuchhaltung	
  Ukraine	
  
Umsatzsteuer	
  Ukraine	
  
Mehrwertsteuer	
  Ukraine	
  
Gewinnsteuer	
  Ukraine	
  
Einkommensteuer	
  Ukraine	
  
Strategieberatung	
  Ukraine	
  
Restrukturierung	
  Ukraine	
  
Steuerberatung	
  Ukraine	
  
Steuern	
  Ukraine	
  
Due	
  Diligence	
  Ukraine	
  
M&A	
  Ukraine	
  
Transferpreise	
  Ukraine	
  
Verrechnungspreise	
  Ukraine	
  
Vorsteuer	
  Ukraine	
  
Einfuhrumsatzsteuer	
  Ukraine	
  
Personalsuche	
  Ukraine	
  
Recrui6ng	
  Ukraine	
  
Interim	
  Management	
  Ukraine	
  
Geschäsführer	
  Ukraine	
  
Outsourcing	
  Geschäsführer	
  Ukraine	
  
Domizilierung	
  Ukraine	
  
Outsourcing	
  Domizilierung	
  Ukraine	
  
Legal	
  Address	
  Ukraine	
  
Geschäsadresse	
  Ukraine	
  
Arbeitsplatz	
  Ukraine	
  
Bürovermietung	
  Ukraine	
  
Untervermietung	
  Ukraine	
  
Liquida6on	
  Ukraine	
  
Penal6es	
  for	
  the	
  USSC	
  viola6ons	
  include:	
  	
  
§  failure	
  to	
  pay/un)mely	
  pay	
  of	
  USSC	
  –	
  20%	
  of	
  the	
  underpaid/overdue	
  amounts;	
  	
  
§  addi)onal	
  accruals	
  of	
  USSC	
  by	
  fiscal	
  authori)es	
  result	
  in	
  penal)es	
  amoun)ng	
  to	
  
10%	
   of	
   the	
   accrued	
   amount	
   for	
   each	
   omised	
   repor)ng	
   period,	
   however,	
   not	
  
more	
  than	
  50%	
  of	
  the	
  accruals;	
  	
  
§  failure	
  to	
  file,	
  un)mely	
  filing	
  or	
  filing	
  of	
  the	
  USSC	
  report	
  in	
  a	
  form	
  other	
  than	
  the	
  
required	
   one,	
   are	
   result	
   in	
   the	
   fine	
   amoun)ng	
   to	
   UAH	
   170	
   (10	
   nontaxable	
  
minimum)	
  for	
  the	
  first	
  viola)on,	
  and	
  UAH	
  1,020	
  (60	
  nontaxable	
  minimum)	
  for	
  the	
  
repeated	
  viola)on	
  during	
  the	
  same	
  year.	
  	
  
	
  
	
  
11.	
  MILITARY	
  TAX	
  	
  
§  The	
  Military	
  Tax	
  effec)ve	
  from	
  3	
  August	
  2014	
  and	
  would	
  	
  apply	
  un)l	
  the	
  reform	
  
of	
   the	
   Ukrainian	
   Military	
   Forces	
   is	
   completed.	
   The	
   comple)on	
   should	
   be	
  
confirmed	
  by	
  respec)ve	
  decision	
  of	
  the	
  Parliament	
  of	
  Ukraine;	
  	
  
§  Star)ng	
  from	
  1	
  January	
  2016	
  the	
  tax	
  base	
  for	
  the	
  military	
  tax	
  is	
  the	
  same	
  as	
  for	
  
PIT.	
  This	
  means	
  that	
  income,	
  which	
  was	
  not	
  subject	
  to	
  Military	
  Tax	
  in	
  2015	
  (i.e.	
  
the	
  USSC	
  paid	
  by	
  an	
  employee,	
  etc.),	
  is	
  now	
  taxable;	
  
§  Tax	
  at	
  the	
  rate	
  1,5%	
  is	
  to	
  be	
  paid	
  by	
  employees	
  only;	
  
§  Administra)on	
  of	
  the	
  Military	
  tax	
  is	
  similar	
  to	
  the	
  PIT	
  administra)on.	
  
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure
Accounting and tax in Ukraine_2016, HWC competence brochure

More Related Content

Similar to Accounting and tax in Ukraine_2016, HWC competence brochure

News Alert - Cyprus - Ukraine, New Double Tax Treaty
News Alert - Cyprus - Ukraine, New Double Tax TreatyNews Alert - Cyprus - Ukraine, New Double Tax Treaty
News Alert - Cyprus - Ukraine, New Double Tax Treaty
Intuit Consultancy
 

Similar to Accounting and tax in Ukraine_2016, HWC competence brochure (17)

HWC LLC News - gradual easing of currency control in ukraine
HWC LLC News - gradual easing of currency control in ukraineHWC LLC News - gradual easing of currency control in ukraine
HWC LLC News - gradual easing of currency control in ukraine
 
HWC LLC - gradual easing of currency control in ukraine
HWC LLC - gradual easing of currency control in ukraineHWC LLC - gradual easing of currency control in ukraine
HWC LLC - gradual easing of currency control in ukraine
 
HWC LLC - get a free quote - Business Services - Strategy Consulting, Busines...
HWC LLC - get a free quote - Business Services - Strategy Consulting, Busines...HWC LLC - get a free quote - Business Services - Strategy Consulting, Busines...
HWC LLC - get a free quote - Business Services - Strategy Consulting, Busines...
 
HWC LLC get a free quote - Outsourcing Services
HWC LLC get a free quote - Outsourcing ServicesHWC LLC get a free quote - Outsourcing Services
HWC LLC get a free quote - Outsourcing Services
 
Presentation MGI PSP Audit
Presentation MGI PSP AuditPresentation MGI PSP Audit
Presentation MGI PSP Audit
 
Exchange of Information & Substance
Exchange of Information & Substance Exchange of Information & Substance
Exchange of Information & Substance
 
SCHNEIDER GROUP Your Business Partner in CIS, Ukraine and Poland
SCHNEIDER GROUP Your Business Partner in CIS, Ukraine and PolandSCHNEIDER GROUP Your Business Partner in CIS, Ukraine and Poland
SCHNEIDER GROUP Your Business Partner in CIS, Ukraine and Poland
 
Accounting firms BBJ - BPiON
Accounting firms BBJ - BPiON Accounting firms BBJ - BPiON
Accounting firms BBJ - BPiON
 
BBJ list - Accountingfirms - BPiON
BBJ list - Accountingfirms - BPiONBBJ list - Accountingfirms - BPiON
BBJ list - Accountingfirms - BPiON
 
News Alert - Cyprus - Ukraine, New Double Tax Treaty
News Alert - Cyprus - Ukraine, New Double Tax TreatyNews Alert - Cyprus - Ukraine, New Double Tax Treaty
News Alert - Cyprus - Ukraine, New Double Tax Treaty
 
HWC company presentation
HWC company presentationHWC company presentation
HWC company presentation
 
Night Audit.pptx
Night Audit.pptxNight Audit.pptx
Night Audit.pptx
 
Conduct night audit
Conduct night auditConduct night audit
Conduct night audit
 
Airhelp - NOAH19 Berlin
Airhelp - NOAH19 BerlinAirhelp - NOAH19 Berlin
Airhelp - NOAH19 Berlin
 
Raffaele Petruzzi_Beps and transfer pricing
Raffaele Petruzzi_Beps and transfer pricingRaffaele Petruzzi_Beps and transfer pricing
Raffaele Petruzzi_Beps and transfer pricing
 
THEBIG4 - OUR SERVICE
THEBIG4 - OUR SERVICE THEBIG4 - OUR SERVICE
THEBIG4 - OUR SERVICE
 
Tax Law Firm in Tirana Albania l Practices l CLO Legal Solutions
Tax Law Firm in Tirana Albania l Practices l CLO Legal SolutionsTax Law Firm in Tirana Albania l Practices l CLO Legal Solutions
Tax Law Firm in Tirana Albania l Practices l CLO Legal Solutions
 

Recently uploaded

Office Chairs | Highmoon Office Furniture | Best Quality Ergonomic Chairs
Office Chairs | Highmoon Office Furniture | Best Quality Ergonomic ChairsOffice Chairs | Highmoon Office Furniture | Best Quality Ergonomic Chairs
Office Chairs | Highmoon Office Furniture | Best Quality Ergonomic Chairs
akhiladhaneesh5272
 
real estate Image editing hdr, flambient
real estate Image editing hdr, flambientreal estate Image editing hdr, flambient
real estate Image editing hdr, flambient
Photography
 

Recently uploaded (19)

Emergency Plumber Services for Repairing and Fitting in Dubai.pdf
Emergency Plumber Services for Repairing and Fitting in Dubai.pdfEmergency Plumber Services for Repairing and Fitting in Dubai.pdf
Emergency Plumber Services for Repairing and Fitting in Dubai.pdf
 
4 Reasons Behind the Toilet Blockage.pdf
4 Reasons Behind the Toilet Blockage.pdf4 Reasons Behind the Toilet Blockage.pdf
4 Reasons Behind the Toilet Blockage.pdf
 
Black box penetration testing: use and process
Black box penetration testing: use and processBlack box penetration testing: use and process
Black box penetration testing: use and process
 
FBI Background Check ! World Class Notary
FBI Background Check ! World Class NotaryFBI Background Check ! World Class Notary
FBI Background Check ! World Class Notary
 
Rainwater Harvesting System .
Rainwater Harvesting System                        .Rainwater Harvesting System                        .
Rainwater Harvesting System .
 
Plumbing Repair: Ensuring Your Home's Comfort and Safety
Plumbing Repair: Ensuring Your Home's Comfort and SafetyPlumbing Repair: Ensuring Your Home's Comfort and Safety
Plumbing Repair: Ensuring Your Home's Comfort and Safety
 
NevaClad Refresh_Tellerline Slide Deck2.pdf
NevaClad Refresh_Tellerline Slide Deck2.pdfNevaClad Refresh_Tellerline Slide Deck2.pdf
NevaClad Refresh_Tellerline Slide Deck2.pdf
 
NevaClad Refresh_Tellerline Slide Deck.pdf
NevaClad Refresh_Tellerline Slide Deck.pdfNevaClad Refresh_Tellerline Slide Deck.pdf
NevaClad Refresh_Tellerline Slide Deck.pdf
 
NEWMAT Stretch Ceilings Service Provider in India
NEWMAT Stretch Ceilings Service Provider in IndiaNEWMAT Stretch Ceilings Service Provider in India
NEWMAT Stretch Ceilings Service Provider in India
 
Office Chairs | Highmoon Office Furniture | Best Quality Ergonomic Chairs
Office Chairs | Highmoon Office Furniture | Best Quality Ergonomic ChairsOffice Chairs | Highmoon Office Furniture | Best Quality Ergonomic Chairs
Office Chairs | Highmoon Office Furniture | Best Quality Ergonomic Chairs
 
Key Pharmaceutical Industry Trends to Watch by 2025
Key Pharmaceutical Industry Trends to Watch by 2025Key Pharmaceutical Industry Trends to Watch by 2025
Key Pharmaceutical Industry Trends to Watch by 2025
 
Diploma Certificate Attestation Service in UAE
Diploma Certificate Attestation Service in UAEDiploma Certificate Attestation Service in UAE
Diploma Certificate Attestation Service in UAE
 
haash.tech web design and development company.pdf
haash.tech web design and development company.pdfhaash.tech web design and development company.pdf
haash.tech web design and development company.pdf
 
Is it profitable to open a financial services business.pptx
Is it profitable to open a financial services business.pptxIs it profitable to open a financial services business.pptx
Is it profitable to open a financial services business.pptx
 
real estate Image editing hdr, flambient
real estate Image editing hdr, flambientreal estate Image editing hdr, flambient
real estate Image editing hdr, flambient
 
DRAICCHIO slide_Ergonomo_16maggio2024 slides 2.pptx
DRAICCHIO slide_Ergonomo_16maggio2024 slides 2.pptxDRAICCHIO slide_Ergonomo_16maggio2024 slides 2.pptx
DRAICCHIO slide_Ergonomo_16maggio2024 slides 2.pptx
 
Best Bitcoin Alternative by Simplyfynews
Best Bitcoin Alternative by SimplyfynewsBest Bitcoin Alternative by Simplyfynews
Best Bitcoin Alternative by Simplyfynews
 
Waste management idea pitch deck v1.pptx
Waste management idea pitch deck v1.pptxWaste management idea pitch deck v1.pptx
Waste management idea pitch deck v1.pptx
 
open educational resources power point 3
open educational resources power point 3open educational resources power point 3
open educational resources power point 3
 

Accounting and tax in Ukraine_2016, HWC competence brochure

  • 1.               Informa)on  Brochure   ©  HWC,  Kyiv,  2016   Outsourcing  Services      Accoun)ng  &  Tax  
  • 2. 2HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   CONTENT   1.  SPECIFICS  OF  THE  UKRAINIAN  MARKET          3   2.  ACCOUNTING  IN  UKRAINE              4   3.  MAIN  TAXES  IN  UKRAINE                  5   4.  START-­‐UP  COST              6   5.  INTERNATIONAL  PAYMENTS            6   6.  PAYMENTS  IN  FOREIGN  CURRENCY          7   7.  CORPORATE  PROFIT  TAX  (CPT)          7   8.  VALUE  ADDED  TAX  (VAT)          9   9.  PERSONAL  INCOME  TAX  (PIT)        11   10.  UNIFIED  SOCIAL  SECURITY  CONTRIBUTION  (USSC)    12   11.  MILITARY  TAX          13   12.  SIMPLIFIED  TAXATION  SYSTEM  (SINGLE  TAX)      14   13.  CASH  PAYMENTS          16   14.  FOREIGN  CURRENCY  TRANSACTIONS      17   15.  LICENSING          18   16.  TRANSFER  PRICING          19   17.  PERSONNEL  ADMINISTRATION        20   18.  OPTIONS  TO  FINANCE  UKRAINIAN  SUBSIDIARIES    22              
  • 3. 3HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   1.  SPECIFICS  OF  THE  UKRAINIAN  MARKET   On  January  1,  2016,  the  European  Union    (the  EU)  and  Ukraine  began  applying  the   Free  Trade  Area,  which  forms  the  part  of  the  EU-­‐Ukraine  Associa)on  Agreement   signed  on  27  June  2014.  The  poli)cal  part  of  the  Associa)on  Agreement  came  into   force  in  November  2014  (the  status  of  the  Associa)on  Agreement  is  “temporary”   un)l   the   Parliaments   of   all   countries-­‐members   of   the   EU   will   approve   the   Agreement).       Making  business  in  Ukraine  is  embedded  into  a  quite  unique  market  situa)on.  On   the   one   hand   the   country   is   associa)ng   itself   towards   the   European   Union   by   ini)alizing   reforms   and   rejuvena)ng   its   authori)es.     This   atmosphere   of   change   promises  massive  chances  to  capture  a  remunera)ve  market.  On  the  other  hand   the   country   conducts   its   heritage   of   the   former   Soviet   Union   including   laws   and   regula)ons,   specific   local   accoun)ng   standards,   a   variety   of   different   authori)es   directly  impac)ng  the  business  world  by  a  high  level  of  bureaucracy  and  corrup)on.   Excellent  personal  rela)onships  and  the  crea)on  of  trust  are  essen)al  to  establish  a   successful  joint  venture  or  market  presence.     HWC  is  combining  local  exper)se  with  Western  European  business  manner  and  acts   as   the   interface   between   you   and   this   complex   environment.   Adap)ng   your   business   to   the   Ukrainian   market,   consul)ng   on   business   relevant   decisions   and   suppor)ng  with  business  services  is  our  core  competence.       Making  your  business  work  –  is  what  we  do!
  • 4. 4HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   §  With  effect  from  January  1,  2000,  Ukraine  implemented  the  Na)onal  Accoun)ng   Standards   (NAS),   which   are   primarily   based   on   the   Interna)onal   Financial   Repor)ng  Standards  (IFRS);     §  Since   January   1,   2012,   all   taxpayers   in   Ukraine   are   allowed   to   use   IFRS   for   financial  repor)ng;   §  Regardless  of  NAS  or  IFRS  being  in  use,  a  taxpayer  has  to  complete  a  significant   number  of  different  accoun)ng  and  repor)ng  forms  required  by  the  local  law;   §  Financial   statements   (incl.   balance   sheet,   income   statement,   cash   flow   statement,   statement   of   changes   in   equity   and   notes   to   the   financial   statements)  are  to  be  prepared  in  local  currency  and  must  be  filed  for  a  calendar   year  and  relevant  interim  repor)ng  periods  (quarters);     §  Taxpayers  are  not  able  to  use  their  own  “charts  of  accounts”  and  have  to  adapt   them   in   line   with   the   essen)al   “Chart   of   Accounts”,   directly   required   by   the   Ukrainian  law.  As  a  result,  the  number  of  accoun)ng  entries  to  be  made  is  about   twice  as  much  as  in  comparison  with  the  requirements  to  the  foreign  en))es  in     comparable  situa)ons;   §  Certain   obligatory   principles   have   to   be   applied   by   any   local   taxpayer   when   preparing  its  “accoun)ng  policy”.  The  Ukrainian  government  adopted  the  list  of   items  are  to  be  regulated  by  the  “accoun)ng  policy”;   §  “Customs  declara)on”  (for  import/export  of  goods)  and  “Act  of  acceptance”  (for   other  cases)  are  essen)al  for  tax  and  accoun)ng.  “Invoice”  is  rather  formal  than   essen)al  document.  “Credit  note”  is  not  required  at  all;                  Basic  accoun6ng  principles  are:   §  Accoun)ng  is  based  on  historical  cost  which  is  subject  to  infla)on   adjustments;   §  Accoun)ng  direc)ves  are  aimed  at  uniformity  and  con)nuity  across     businesses;   §  Design  of  the  accoun)ng  forms  is  regulated  by  NAS;   §  Form  of  a  transac)on  prevails  over  its  substance  for  the  accoun)ng;     §  In  par)cular  NAS  implement  and  develop  accoun)ng  rules.       2.  ACCOUNTING  IN  UKRAINE    
  • 5. 5HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   §   Corporate  Profit    Tax  (CPT)      Basic  Rate  -­‐  18%;    Cap  –  n/a;    Repor)ng  periods  –  calendar  quarter,  half  year,  three    quarters,  year     §  Value  Added  Tax  (VAT)    Cap  -­‐  n/a;    Basic  Rates  -­‐  0%;  7%  and  20%;    Repor)ng  period  -­‐  calendar  month.     §  Personal  Income  Tax  (PIT)      Cap    -­‐  n/a;      Basic  Rates  -­‐  18%;    Repor)ng  period  -­‐  calendar  quarter.     §  Unified  Social  Security  Contribu6on  (USSC);    Cap  –  up  to  25  minimum  wages;     (UAH  34,450  for  Jan–April  2016  and  UAH  36,250  for  May  -­‐  Dec  2015;      Basic  Rates:      -­‐  employee  –  n/a  (payroll  and  civil  law  );                                                      -­‐  employer  -­‐    22%;    Repor)ng  period  -­‐  calendar  month.     §  Military  Tax      Cap  –  Gross  salary  (including  any  benefits);      Basic  Rates:    employee    -­‐    1,5%;      Repor)ng  period  -­‐  calendar  quarter.     §  Excise  Taxes      Excise  tax  applies  to  the  exhaus)ve  list  of  the  goods  imported  to  or    produced  in  Ukraine,  including  mainly:    alcoholic  beverages,  tobacco                                        and  tobacco  products,  fuel,  and  certain  other  products;      The  rates  of  the  excise  tax  can  be  “ad  valorem”  (a  percentage  of  the    value  of  the  goods),  “specific”  (in  monetary  units  per  unit  of  goods),  or     “combined”.   The   rates   of   the   excise   tax   are   subject   to   permanent    changes  and  must  be  checked  for  each  par)cular  case  separately.     3.  MAIN  TAXES  IN  UKRAINE    
  • 6. 6HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   §  During   the   start-­‐up   any   founder/shareholder   of   a   NewCo,   as   a   rule,   have   to   incur  certain  expenses  (e.g.  registra)on  fees,  notary  fees,  payments  to  lawyers,   etc.)   before   comple)ng   of   a   NewCo’s   registra)on   and   opening   its   bank   accounts;   §  The  Na)onal  Accoun)ng  Standards,  which  are  the  essen)al  ground  since  2015   to   form   the   taxable   base,   directly   presume   possibility   to   deduct   for   the   CPT   purpose  the  expenses  required  by  the  Ukrainian  law  for  the  registra)on  (e.g.   the  registra)on  fees,  du)es,  etc.);       §  Deduc)bility  for  the  CPT  purposes  of  the  “addi)onal”  expenses  paid  before  the   state   registra)on   completed   and/or   not   from   a   NewCo’s   bank   accounts   (e.g.   payments  for  the  office  equipment,  furniture,  sta)onary,  etc.)  is  ques)onable,   and,  as  a  rule,  unaccepted  by  the  local  fiscal  authori)es;     §  In   order   to   prevent   non-­‐deductable   expenses,   a   founder/shareholder   should   pay  the  “addi)onal”  expenses,  arer  the  registra)on  completed  and  from  the   registered  NewCo’s  bank  account.     5.  INTERNATIONAL  PAYMENTS   §  Ukraine  has  a  moderately  well-­‐developed  network  of  effec)ve  double  taxa)on   trea)es.   The   rules   incorporated   in   DTTs   ra)fied   by   Ukraine   prevail   over   the   same  ones  contained  in  the  Ukrainian  domes)c  tax  legisla)on.     §  To  be  eligible  for  the  reduced  tax  rates  prescribed  by  the  DTT,  inter  alia,  the   beneficial   ownership   test   needs   to   be   passed.   Under   Ukrainian   law   the   beneficial   owner   of   the   income   is   a   person   who   has   the   right   to   receive   the   relevant   Ukrainian-­‐source   income,   and   is   not   an   agent,   nominee   or   intermediary   (conduit).   In   addi)on,   the   cer)ficate   of   residence   of   a   foreign   recipient  in  the  relevant  jurisdic)on  is  a  must.   4.  START-­‐UP  COST      
  • 7. 7HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   §  Seslements  between  residents  and  nonresidents  of  Ukraine  in  trade  and  service   transac)ons  are  allowed  in  both  hard  and  local  (UAH)  currencies;     §  Seslements  under  export/import  of  goods,  works  or  services  contracts  must  be   made  within  the  period  not  exceeding  90  calendar  days.  Otherwise  a  penalty   (0,3%   of   the   overdue   debt)   will   apply   for   each   day   of   the   delay.   The   90-­‐day   period  may  be  extended  only  based  on  an  individual  permission  granted  by  the   relevant  Ukrainian  state  authori)es;   §  Offset  of  the  debt  between  a  resident  and  a  non-­‐resident  is  not  allowed.  This  is   due  to  the  fact  that  an  offset  results  in  viola)on  of  the  90-­‐day  rule  (i.e.  no  funds   actually  transferred  to  the  bank  account  of  a  Ukrainian  exporter);   §  75%   of   foreign   currency   proceeds   received   by   residents   under   cross-­‐border   agreements  must  be  sold  on  the  Ukrainian  inter-­‐bank  foreign  exchange  market.   The  foreign  currency  must  be  sold  not  later  than  the  next  business  day  arer  the   relevant  proceeds  have  been  credited  to  the  bank  account;   §  If  Ukrainian  en)ty  intends  to  pay  to  its  foreign  counterpart  for  services,  or  use   of  the  intellectual  property  rights  in  excess  of  USD  50,000  (or  its  equivalent  in   another  foreign  currency),  such  Ukrainian  en)ty  shall  obtain  a  price  valua)on   statement  from  the  State  Informa)on  and  Analy)cal  Center  for  Monitoring  of   External  Commodity  Markets.  Otherwise,  the  bank  will  disallow  the  transfer;   §  The   Na)onal   Bank   of   Ukraine   announced   significant   changes   off   the   foreign   currency  regula)ons  during  the  1st  and/or  2nd  quarter  2016.  Therefore  the  issue   in  ques)on  has  to  be  monitored  on  permanent  bases.   6.  PAYMENTS  IN  FOREIGN  CURRENCY   7.  CORPORATE  PROFIT  TAX  (CPT)    §  Since  2015,  in  par)cular  the  annual  financial  result  (profit  or  loss  from  ordinary   ac)vi)es   before   taxa)on)   declared   by   a   taxpayer   in   its   financial   repor)ng   (prepared  in  line  with  NAS  or  IFRS)  and  adjusted  by  several  gains/losses  directly   presumed  by  the  Tax  Code,  is  to  be  taken,  as  the  basis  for  the  CPT  calcula)on;   §  A  Taxpayer,  whose  annual  income  (net  VAT)  from  any  ac)vi)es  does  not  exceed   UAH  20  mln.  may  not  apply,  at  its  own  discre)on,  any  adjustments,  except  the   losses  carried  forward  from  the  previous  periods;       §  If   it   is   the   case,   then   the   taxpayer   will   not   be   able   to   apply   the   adjustments   during   all   subsequent   repor)ng   periods   (years),   un)l   its   annual   income   (net   VAT)  exceeds  the  threshold  of  UAH  20  mln.;      
  • 8. 8HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   §  A  Taxpayer,  whose  annual  income  (net  VAT)  from  any  ac)vi)es  exceed  UAH  20   mln.,   shall   apply   the   adjustments   required/granted   by   the   Tax   Code.   The   adjustments   are   mainly   relevant   to   the   transfer   pricing   rules,   accruals   of   reserves,  deprecia)on  of  noncurrent  assets,  etc.;   §  CPT   e-­‐return   shall   be   filed   with   the   local   fiscal   (tax)   authori)es   during   40   calendar   days   following   the   repor)ng   period   (for   the   quarterly   repor)ng)   and   during  60  calendar  days  following  the  reported  year.  CPT  liabili)es  shall  be  paid   during  10  (ten)  days  following  the  deadline  presumed  to  filie  the  CPT  return;       §  Certain   business   may   qualify   for   a   different   tax   regime,   including   agricultural,   insurance  and  certain  other  businesses  specified  in  the  Tax  Code.    Advanced  CPT  payment     §  Only  one  advanced  CPT  payment  is  mandatory  for  the  taxpayers,  which  report   quarterly;   §  Advanced  CPT  payment  is  due  by  the  end  of  the  repor)ng  calendar  year  in  the   amount  of  2/9  of  the  CPT  liabili)es  are  due  as  a  result  of  the  CIT  declara)on  for   the  three  quarters  of  such  repor)ng  calendar  year;     §  In  general,    quarterly  repor)ng  required  by  the  law  from  the  CIT  payers,  whose   annual   income   from   any   ac)vi)es   (net   VAT),     exceeds   UAH   20   mln.   for   the   previous  repor)ng  calendar    year;     §  Accruals   and   payments   of   the   CPT   on   dividends   are   subject   to   separate   regula)ons.  The  CPT  and  Withholding  Tax  on  dividends  are  separate  taxes;   §  Being  registered  during  a  calendar  year  a  taxpayer  shall  file  annual  CPT  return   for   such   year   and   shall   pay   CPT   (if   any)   for   the   period   from   the   date   of   its   registra)on  )ll  the  end  of  the  relevant  calendar  year;    
  • 9. 9HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   §  As  of  1  January  2016,  there  are  three  VAT  rates:  20%,  7%,  and  0%;   §  The  rate  of  20%  applies  to  almost  all  transac)ons  subject  to  VAT  except  specific   transac)ons   subject   to   7%   (medicines,   medical   goods   and   equipment   incl.   for   trial)  and  0%  (export  of  goods,  interna)onal  transport  and  tolling  services);   §  Provision  of  services  to  a  non-­‐resident  is  not  directly  considered  to  be  zero-­‐rated.   Such  services  are  subject  to  20%  VAT  or  considered  to  be  outside  of  the  scope  of   VAT  (with  no  right  to  claim  input  VAT)  depending  on  “the  place  of  supply”,  as  it  is   in  the  Tax  Code;   §  VAT   registra)on   is   obligatory   for   a   taxpayer,   whose   volume   of   VAT-­‐able   opera)ons   exceeds   UAH   1   mln.   during   the   preceding   12   months;   Voluntary   registra)on  allowed  as  well,  even  for  those  taxpayers,  which  have  no  VAT-­‐able   opera)ons  (e.g.  VAT  registra)on  during  the  ini)al  registra)on  as  a  taxpayer);  In   2016  the  restric)on  to  credit  input  VAT  in  excess  of  paid  output  VAT  does  not   applied;     §  Registra)on   of   a   non-­‐resident   company   as   a   VAT   payer   is   not   possible.   Being   unregistered  as  VAT  payer,  a  non-­‐resident  cannot  claim  a  VAT  refund  of  input   VAT    paid  in  Ukraine;   §  The  “first  event”  rule  applies  to  input  and  output  VAT.  Under  the  “first  event”   rule,  the  liability  to  pay  output  VAT  as  well  as  the  right  to  credit  input  VAT  arises   either   at   the   moment   of   receiving   services/   goods   (signing   of   the   acts   of   acceptance)  or  when  paying  money  for  the  services/  goods,  depending  on  which   event  happens  first;   §  VAT  e-­‐declara)on  is  to  be  filed  with  the  local  tax  authori)es  monthly,  by  the  20th   day  of  the  month  following  the  repor)ng  one.  Relevant  tax  liabili)es  (if  any)  are   to  be  paid  during  10  days  following  the  repor)ng  deadline;   §  Taxpayer,  who  applies  paying  Simple  Tax  at  the  rate  5  %  (for  details  see  below)   may  work  without  registra)on  as  VAT  payer;   §  In  2016  an  absence  of  a  VAT-­‐payer  at  the  address,  which  was  declared  by  such   VAT-­‐   payer   as   its   tax   address,   does   not   lead   to   the   cancela)on   of   its   VAT   registra)on.   8.  VALUE  ADDED  TAX  
  • 10. 10HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   Electronic  VAT  administra6on   §  In  Ukraine  the  Electronic  VAT  administra)on  came  into  force  in  January  2015;     §  A  separate  VAT  bank  account  is  required  for  the  electronic  VAT  administra)on;     §  All  VAT  invoices  and  correc)ons  shall  be  registered  in  the  “Register  of  the  Tax   Invoices”  (the  -­‐  Register)  during  15  calendar  days  following  the  date  of  issuing.   Registra)on   delay   results   in   fines   up   to   50%   of   the   respec)ve   VAT.   All   VAT   invoices  shall  be  issued  in  electronic  form.  No  paper  copies  are  required  for  the   accoun)ng;       §  VAT  liabili)es  shall  be  paid  from  the  separate  VAT  account.  If  the  volume  of  the   funds  on  the  VAT  account  is  lower  than  the  VAT  liabili)es  to  be  paid,  a  tax  payer   has  to  transfer  a  sufficient  amount  from  its  opera)onal  bank  account  to  the  VAT   bank  account  to  compensate  the  lack  of  the  funds;   §  For   the   purposes   of   input   VAT   adjustments   (pro-­‐rata   or   self-­‐assessed   VAT   liabili)es)   a   consolidated   VAT   invoice   should   be   issued   by   the   end   of   the   respec)ve  month;     §  A  registered  VAT  invoice  can  be  included  into  input  VAT  within  365  days  arer   issuing.     VAT  recovery  and  refunds   §  Generally,   VAT   incurred   by   a   registered   en)ty   on   the   purchase   and/   or   importa)on   of   goods   and   services   used   for   the   purpose   of   its   own   business   (except  for  VAT  incurred  in  rela)on  to  exempt  supply)  may  be  recovered  by  way   of   a   credit   against   output   VAT.   If   the   credited   VAT   exceeds   output   VAT,   the   refund  is  available  in  monetary  form;   §  An  automa)c  VAT  refund  procedure  is  available  for  the  eligible  taxpayers.  Two   separate  registers  (chronological)  will  be  implemented  from  Feb.1,  2016.   Special  VAT  regime  for  the  agricultural  companies   §  Till  2016  the  agricultural  companies  were  allowed  to  accumulate  100%  of  their   VAT  liabili)es  on  the  special  bank  accounts  and  use  this  accumulated  VAT  for  the   business  development;   §   In  2016  the  agricultural  companies  must  pay  VAT,    pro  rate,  i.e.:   §  VAT  on  grain  -­‐  85%  to  the  budget  and  15%  to  the  special  bank  account;   §  VAT  on  milk/meat  -­‐  20  %  to  the  budget  and  80%  to  the  special  bank  account;   §  VAT  on  other  products-­‐  50%  to  the  budget  and  50%to  the  special  bank   account  
  • 11. 11HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   §  Individuals  -­‐  tax  residents  are  subject  to  PIT  in  Ukraine,  regardless  of  whether   they  are  ci)zens  of  Ukraine  or  not.  Tax  residence,  as  a  rule,  is  regulated  by  the   Double  Tax  Trea)es  concluded  between  Ukraine  and  a  country  of  residence  of   the  individual  non-­‐resident.  Individuals  -­‐  tax  residents  are  to  be  taxed  on  their   worldwide  income;     §  There  is  one  standard  rates  of  PIT  in  Ukraine  -­‐  18%;     §  Dividends   are   paid   by   a   CPT   payer   are   subject   to   PIT   at   the   rate     5%.   Other   passive  income  (incl.  interests,  royal)es,  dividends  paid  by  a  non  CPT  payer,  etc.)     are  subject  to  PIT  at  the  rate  18%;         §  In  general,  PIT  shall  be  withheld  at  the  payment  sources  and  shall  be  paid  out  by   the  employer  prior  to  or  simultaneously  with  the  relevant  taxable  payments  (e.g.   salary,  payments  under  the  civil  law  agreements,  etc);   §  In  general,  the  employees  (incl.  non-­‐residents  working  in  Ukraine),  who  have  the   wage  as  one  source  of  income,  are  not  liable  to  file  PIT  declara)on;  Reports  on   personal  income  tax  (Form  –  “1DF”)  of  these  employees  shall  be  quarterly  filed   by   the   employers,   and   must   include   informa)on   regarding   each   of   the   employees  as  to  the  income  received  and  PIT  withheld;   §  Income  from  foreign  sources  or  income  from  Ukrainian  sources,  which  was  not   taxed  at  the  sources,  is  subject  to  taxa)on  in  Ukraine.  The  tax  liabili)es  are  to  be   calculated  based  on  the  data  declared  in  the  annual  PIT  return;     §  Annual  PIT  return  is  to  be  filed  with  the  local  tax  authori)es  by  the  1st  May  of  the   calendar  year  following  the  repor)ng  one.  The  self-­‐assessed  tax  is  to  be  paid  in   local   currency   (UAH)   by   the   1st   August   of   the   calendar   year   following   the   repor)ng  one;   §  Interna)onal   agreements   signed   by   Ukraine   (i.e.   Double   Taxa)on   Trea)es)   prevail   over   domes)c   legisla)on.   Therefore,   the   lower   tax   rates   or   even   tax   exemp)on  can  be  applied  based  on  the  interna)onal  agreements.     9.  PERSONAL  INCOME  TAX  (PIT)
  • 12. 12HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   §  Remunera)ons,   allowances   and   other   similar   payments   to   employees   (regardless   of   being   locals   or   foreigners)   through   payroll   are   subject   to   the   Unified  Social  Security  Contribu)on  (the  “USSC”).  The  USSC  is  to  be  paid  by  both   employer  and  employee.   §  Foreigners,  who  work  in  the  representa)ve  offices  of  foreign  companies,  are  not   liable  for  the  USSC;   §  The  USSC  covers  the  payments  to  the:   §  Pension  Fund;     §  Social  Security  Fund;   §  Unemployment  Benefit  Fund;   §  Accident  Insurance  Fund   §  The  taxable  base  for  the  USSC  is  capped  by  25  minimum  wages,  i.e.  the  cap  for   the  USSC  calcula)on  will  be:   §  UAH  34,450    from  January  1  to  April  30,  2016  and   §  UAH  36,250  from  May  1  to  December  31,  2016;     §  The  employees  are  not  liable  to  pay  USSC  in  2016;     §  The   employer’s   contribu)on   cons)tutes   22%   of   the   gross   income,   which,   however,  is  subject  to  the  cap  (see  above);     §  The  USSC  due  by  the  employer  is  to  be  paid  simultaneously  with  the  relevant   income  is  paid  to  the  employees  or  other  recipients;   §  The  USSC  e-­‐reports  are  to  filed  with  the  fiscal  authori)es  by  the  20th  day  of  the   month,  following  the  repor)ng  one.  If  an  employer  applies  any  social  benefits,   they   should   be   reported   quarterly   by   the   20th   calendar   day   of   the   month   following  relevant  quarter.   10.  UNIFIED  SOCIAL  SECURITY  CONTRIBUTION
  • 13. 13HWC LLC (Henniger Winkelmann Consulting), Kyiv, Ukraine, www.hwc.com.ua, +380 44 451-51-54 Market  Entry  Consul6ng  Ukraine    Company  Founda6on  Ukraine     General  Director  Func6on  Ukraine   Bookkeeping  Ukraine   Accoun6ng  Outsourcing  Ukraine   Interna6onal  Repor6ng  (  IFRS  ,  US  GAAP)  Ukraine     Payroll  Accoun6ng  Outsourcing  Ukraine   Tax  Consul6ng  Ukraine   Office  Rental  Ukraine   Office  Rental  Kyiv   Business  Set  Up  Ukraine   Accoun6ng  Ukraine   Payroll  Ukraine   Payroll  Accou6ng  Ukraine   Value  added  tax  Ukraine   Corporate  profit  tax  Ukraine   Income  tax  Ukraine   Outsourcing  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   Strategy  Consul6ng  Ukraine   Restructuring  Ukraine   Transfer  Pricing  Ukraine   Due  Diligence  Ukraine   HR  Services  in  Ukraine   Tax  Ukraine   Tax  Consul6ng  Ukraine   Ukraine   Recrui6ng  Ukraine   Legal  Address  Ukraine   Business  Address  Ukraine   General  Director  Ukraine   Interim  Management  Ukraine   Outstaffing  Ukraine   Business  Set  Up  Ukraine   Interna6onal  Assignment  Ukraine   Outsourcing  Accoun6ng  Ukraine   Outsourcing  Payroll  Ukraine   Outsourcing  Tax  Ukraine   Outsourcing  Interna6onal  Repor6ng  Ukraine   Liquida6on  Ukraine   www.hwc.com.ua   Henniger  Winkelmann  Consul6ng   HWC  LLC       HWC  LLC  (  Henninger  Winkelmann  Consul6ng  )  is  a  Consul6ng  Company  in   Kyiv,  Ukraine,  owned  and  managed  by  the  two  german  founders  Dipl.-­‐ Kfm.  Sven  Henniger  and  Dr.  Thomas  Winkelmann.  HWC  advises   interna6onal  and  Ukrainian  clients  in  the  areas  of  Outsourcing  Services   (Market  Entry  Consul6ng  ,  Company  Founda6on  ,  General  Director   Func6on,  Interim  Management  ,  Legal  Address,  Business  Address  ,   Bookkeeping  /  Accoun6ng  outsourcing  ,  Interna6onal  Repor6ng  (  IFRS  ,  US   GAAP)  ,  Payroll  Accoun6ng  Outsourcing,  Tax  Consul6ng  ,  Recrui6ng  ,  Office   Rental  ,  etc.  ),  Business  Services  (Strategy  Consul6ng  ,  Restructuring   Advisory  ,  Due  Diligence  ,  etc.)  and  Real  Estate  Services.  For  further   informa6on:  www.hwc.com.ua       HWC  LLC  (Henniger  Winkelmann  Consul6ng)  ist  eine  von  den  beiden   Namensgebern  Dipl.-­‐Kfm.  Sven  Henniger  und  Dr.  Thomas  Winkelmann   gegründete  und  geführte  Unternehmensberatung  in  Kiew,  Ukraine.  HWC   berät  interna6onale  und  ukrainische  Kunden  in  den  Bereichen   Outsourcing  (Markteintri[sberatung,  Firmengründung,  Interim   Management,  Geschäsadresse,  Buchhaltung/  Buchführung,   Interna6onales  Repor6ng  (IFRS,  US  GAAP),  Lohnbuchhaltung,   Steuerberatung,  Personalsuche,  Arbeitsplatz-­‐  und   Bürovermietung  etc.),  Business  Services  (Strategieberatung,   Restrukturierungsberatung,  Due  Diligence  etc.)  und  im  Bereich  Real   Estate.  Weitere  Informa6onen  unter  www.hwc.com.ua       Buchhaltung  Ukraine   Buchführung  Ukraine   Outsourcing  Buchhaltung  Ukraine   Outsourcing  Buchführung  Ukraine   Outsourcing  Ukraine   Lohnbuchhaltung  Ukraine   Outsourcing  Lohnbuchhaltung  Ukraine   Umsatzsteuer  Ukraine   Mehrwertsteuer  Ukraine   Gewinnsteuer  Ukraine   Einkommensteuer  Ukraine   Strategieberatung  Ukraine   Restrukturierung  Ukraine   Steuerberatung  Ukraine   Steuern  Ukraine   Due  Diligence  Ukraine   M&A  Ukraine   Transferpreise  Ukraine   Verrechnungspreise  Ukraine   Vorsteuer  Ukraine   Einfuhrumsatzsteuer  Ukraine   Personalsuche  Ukraine   Recrui6ng  Ukraine   Interim  Management  Ukraine   Geschäsführer  Ukraine   Outsourcing  Geschäsführer  Ukraine   Domizilierung  Ukraine   Outsourcing  Domizilierung  Ukraine   Legal  Address  Ukraine   Geschäsadresse  Ukraine   Arbeitsplatz  Ukraine   Bürovermietung  Ukraine   Untervermietung  Ukraine   Liquida6on  Ukraine   Penal6es  for  the  USSC  viola6ons  include:     §  failure  to  pay/un)mely  pay  of  USSC  –  20%  of  the  underpaid/overdue  amounts;     §  addi)onal  accruals  of  USSC  by  fiscal  authori)es  result  in  penal)es  amoun)ng  to   10%   of   the   accrued   amount   for   each   omised   repor)ng   period,   however,   not   more  than  50%  of  the  accruals;     §  failure  to  file,  un)mely  filing  or  filing  of  the  USSC  report  in  a  form  other  than  the   required   one,   are   result   in   the   fine   amoun)ng   to   UAH   170   (10   nontaxable   minimum)  for  the  first  viola)on,  and  UAH  1,020  (60  nontaxable  minimum)  for  the   repeated  viola)on  during  the  same  year.         11.  MILITARY  TAX     §  The  Military  Tax  effec)ve  from  3  August  2014  and  would    apply  un)l  the  reform   of   the   Ukrainian   Military   Forces   is   completed.   The   comple)on   should   be   confirmed  by  respec)ve  decision  of  the  Parliament  of  Ukraine;     §  Star)ng  from  1  January  2016  the  tax  base  for  the  military  tax  is  the  same  as  for   PIT.  This  means  that  income,  which  was  not  subject  to  Military  Tax  in  2015  (i.e.   the  USSC  paid  by  an  employee,  etc.),  is  now  taxable;   §  Tax  at  the  rate  1,5%  is  to  be  paid  by  employees  only;   §  Administra)on  of  the  Military  tax  is  similar  to  the  PIT  administra)on.