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NEW TAX ERA IN UKRAINE: CFC RULES IN UKRAINE On January 16, 2020, the Verkhovna Rada of Ukraine voted for the adoption of draft law No. 1210, he put an end to many years of disputes over the reform of the tax legislation of Ukraine and the CFC in Ukraine. Implementation of the BEPS plan,…

Cryptocurrency taxation – is it necessary to pay taxes on profits that were received in Bitcoin? Cryptocurrency taxation is a pretty topical issue, as digital currencies are more and more in demand lately. Nowadays it is quite often possible to see shops and restaurants accepting Bitcoin for payment. For example, the UK is one of…

New law which regulates crypto license holders entered into force on 10.03.2020. Key points: Two previously existed crypto licenses are combined into single Virtual currency service provider license. Share capital must be at least 12,000 eur, which has been fully paid. Physical office in Estonia is required. Management Board Member/Compliance Officer must be a resident…

CROUDFUNDING PLATFORMS IN THE EUROPEAN UNION European countries have decided to increase the attractiveness of their territories for startups and introduce new crowdfunding rules. Crowdfunding platforms in the European Union will gain access to customers of the entire European Union The executive body presented an action plan aimed at improving the latest technology. These include:…

DEOFSHORIZATION: HOW NOT TO BANK AND PAY TAXES The development of tax legislation and cooperation between states on the exchange of information in this area significantly affects the work of offshore enterprises. Old structures, partnerships cease to bring positive results. The way out of the situation is deoffshorization. Increasingly, there is a need to provide…

Tax Transformation: The Bers Plan is a step towards a new future improvement in the operation of this system. As part of the summit in 2016, the G 20 published a clear work plan to formulate a new taxation policy. The main goal is to find and eliminate gaps, shortcomings in tax legislation that promote…

5 most suitable countries Registration of IT-business and new technologies – this is not necessarily America and its Silicon Valley. There are other countries in the world with very attractive business conditions. The main selection criteria are: registration availability; ease of doing business; optimal conditions for tax legislation; high quality of life. Consider the most…

PURCHASE OF REAL ESTATE ABROAD. RISKS AND OPPORTUNITIES OF INVESTORS FROM UKRAINE Buying property abroad. Risks and opportunities for investors from Ukraine are always there, because the investor is faced with the rules of currency control: compulsory licensing and declaration of property. The contract of sale itself is not a currency transaction. It includes settlement…

The General Data Protection Regulation (GDPR) is the EU Regulation No. 2016/679 dated 04/27/2016 “On the protection of individuals with regard to the processing of personal data and their free movement” and the repeal of the Directive on General Data Protection Provisions of the European Union No. 95/46. This algorithm began to operate on May…

The end to offshore companies. Tax planning In many states, because of the global crisis, it was decided to find additional resources in order to replenish the budget. For this reason, tax planning has become quite relevant and necessary for many companies. To this end, they are actively trying to tightly control the capital of…

Make hundreds of connections at Blockchain Life 2020 The 5th Blockchain Life 2020 returns to Moscow on April 22-23 at the unique media venue Music Media Dome. The international forum annually gathers over 5000 participants from 70 countries, proving to be one of the biggest events on blockchain, cryptocurrencies, and mining in the world. Get…

Blockchain UA is coming! BlockchainUA is the main blockchain event in Ukraine. Three years in a row, the strongest community in the field of blockchain and decentralized technologies is gathering to share experiences and ideas for the development of the industry. International level experts will arrive from different parts of the world to perform on…