IT Tax&Law Digest

Additional capital of limited and additional liability companies: updated regulation 

On 27 August 2025, the Law of Ukraine "On Amendments to Article 12 of the Law of Ukraine "On Limited Liability and Additional Liability Companies" No. 4564-IX entered into force.

Revised framework for verifying information on UBOs and ownership structure of legal entities

On 13 June 2025, amendments to the procedure for verifying information on ultimate beneficial owners (UBOs) and the ownership structure of legal entities entered into force

Defense City: Ukraine introduces a special preferential regime for defense sector enterprises

To strengthen defense capabilities and create favorable conditions for the growth of defense industry enterprises, Ukraine has introduced several legislative changes.

The rules governing taxation of dividends received by a CFC from Ukrainian legal entities at the level of a controlling person (“look-through dividends”) have been amended

On 5 July 2025, the Law of Ukraine No. 4505-IX (the “Law”) entered into force. The Law, inter alia, amends the rules for taxation of “look-through dividends” (i.e., dividends received by a controlled foreign company from Ukrainian legal entities, either directly or indirectly through a chain of controlled legal entities).

Expected amendments to legislation on beneficial ownership and state registration of legal entities

On 30 April 2025, the Cabinet of Ministers of Ukraine approved Draft Law No. 13233 “On Amendments to Certain Legislative Acts of Ukraine Regarding Compliance with European Union Law and the Relevant Criteria Established by the European Payment Council, Aimed at Ukraine’s Accession to the Single Euro Payments Area (SEPA)”.

Procedure for reserving employees updated

On 28 February 2025, the Cabinet of Ministers of Ukraine (the "CMU") adopted Resolution No. 233, which introduces changes to the rules for reserving employees and determining critically important enterprises, regulated by CMU Resolution No. 76 dated 27 January 2023.

The Commercial Code repealed: what it means for business and the state

On 28 August 2025, the Commercial Code of Ukraine will cease to be in effect. Its repeal is stipulated by the Law of Ukraine "On the Specifics of Regulating the Activities of Legal Entities of Certain Organizational and Legal Forms During the Transitional Period and Associations of Legal Entities" No. 4196-IX, which entered into force on 28 February 2025.

The Draft Law on the taxation of income from virtual assets approved by the Parliamentary Committee

Legal relations in the area of virtual assets circulation in Ukraine are governed by the Law of Ukraine “On Virtual Assets” No. 2074-IX (“Law No. 2074-IX”). The Law No. 2074-IX was adopted by the Verkhovna Rada of Ukraine and signed by the President of Ukraine back in 2022.

Military Reservations & Critical Importance Status. New Procedure

On 22 November 2024, the Cabinet of Ministers of Ukraine adopted Resolution No. 1332, which amends the procedure for employee reservations and the criteria for obtaining critical enterprise status.

Changes in personal income taxation

The Law of Ukraine "On amendments to the Tax Code of Ukraine and other laws of Ukraine regarding ensuring the balance of budget revenues during the period of martial law" No. 4015-IX dated 10 October 2024 came into effect on 1 December 2024 (with certain exceptions).

Plan for tax audits for the year 2025 is published

On 24 December 2024 the Plan-schedule for documentary tax audits of taxpayers for the year 2025 is published.

NBU: Currency Liberalization for Dividend Payments Abroad

Updated NBU Regulations on Currency Transactions: New Opportunities and Limitations for Businesses.