Rada eliminates disagreements with EU in law on Naftogaz unbundling

The Verkhovna Rada has eliminated inconsistencies with the European norms of the law on the separation of natural gas transportation activities from Naftogaz Ukrainy. Some 292 MPs voted for the relevant decision on November 15, of whom 235 were parliamentarians from the Servant of the People faction, 18 from European Solidarity, and 19 from Holos … Read more

Rada at first reading adopts bill on cancelation of state monopoly in alcohol production

The Verkhovna Rada at first reading adopted presidential bill No. 2300 on the abolition of state monopoly in alcohol production from January 1, 2020. Some 293 MPs voted for the relevant bill. The parliamentarians also supported the decision to halve the term of preparation of the bill for second reading. As reported, the parliamentary committee … Read more

Verkhovna Rada at second reading votes draft law on unbundling

The Verkhovna Rada at second reading and as a whole adopted bill No. 2239-1, which is necessary to separate activities for natural gas transportation from Naftogaz Ukrainy, certify a new independent gas transmission system operator and create conditions for signing a transit contract with Gazprom according to European rules. Some 341 MPs voted for the … Read more

Rada ratifies protocol with amendments to Convention between Ukraine, U.K. on avoidance of double taxation

Ukraine’s Verkhovna Rada has ratified a protocol amending the Convention between the governments of Ukraine, the United Kingdom and Northern Ireland on Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income and estate value increment. An Interfax-Ukraine correspondent has reported that 323 MPs backed at second reading the bill … Read more

Rada at first reading approves bill to create independent GTS operator

The Verkhovna Rada at first reading supported bill No. 2239-1 on amending certain legislative acts in connection with the separation of natural gas transportation activities, which is necessary for certification of a new independent operator of the Ukrainian gas transmission system and creation of conditions for signing a transit contract with Gazprom according to European … Read more

Rada passes at second reading bill No. 1230 with amendments to Customs Code on protection of intellectual property rights

Ukraine’s Verkhovna Rada has passed at second reading bill No. 1230 with amendments to the Customs Code of Ukraine on the protection of intellectual property rights when moving goods across the customs border of Ukraine, which should protect intellectual property rights holders from imports of counterfeit products and streamlines intellectual property provisions in Ukraine’s customs … Read more

Rada passes bills introducing single account for paying taxes

Ukraine’s Verkhovna Rada has passed at second reading bill No. 1049 introducing a single account for paying taxes and duties, and the single social security contribution. In addition, the Verkhovna Rada also approved bill No. 1051 on amendments to the Tax Code to introduce a single account for paying taxes and fees, which supplements the … Read more

Rada cancels list of state companies that are not subject to privatization

The Verkhovna Rada has canceled the list of state-owned companies that are not subject to privatization, adopting bill No. 1054-1 as a whole with a further technical and legal revision. According to a correspondent of the Interfax-Ukraine agency, 250 MPs voted for this bill at second reading with the quorum being 226 votes. “For the … Read more

Rada passes ‘cashback’ bill

Ukraine’s Verkhovna Rada has passed at second reading bill No. 1073 on “cashback,” followed by the adoption of bill No. 1053-1 passed at second reading, introduces compensation to buyers if violation during the settlement transaction is revealed from October 1, 2020. The corresponding bill at second reading at the evening plenary meeting on Tuesday was … Read more

Rada adopts law on protection of financial services consumers’ rights

The Verkhovna Rada of Ukraine at second reading and as a whole adopted a law on amending certain legislative acts of Ukraine regarding the protection of rights of financial services consumers. The document provides for authorizing financial market regulators, including the National Bank of Ukraine, the National Commission on Securities and the Stock Market and … Read more