President’s bills offer tax amnesty with a flat tax of 5% for one-off declaration of currency values placed in bank accounts in Ukraine and other assets in Ukraine, as well as 9% for currency in bank accounts and other assets which are abroad, as evidenced in the materials posted by Head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Danylo Hetmantsev on his Telegram channel. At the same time, when purchasing government bonds from January 1, 2021 through June 20, 2022, before submitting the declaration, it is proposed to apply a tax of 2.5%.
According to the submitted materials, the amnesty may cover assets in Ukraine or abroad, acquired at the expense of income that has not been declared for any tax period as of January 1, 2021. And such a mechanism can be used by Ukrainian individuals, as well as nonresidents who were residents at the time of acquisition of assets or income.
“Assets to be declared: any assets, including movable/immovable property, securities, corporate rights, for which the subject of the declaration is the owner or from which he has the right to receive income,” the materials said.
The package of bills also provides for the deadline for filing a declaration: from July 1, 2021 to July 1, 2022.
It is proposed to establish that the following assets do not require the submission of a special declaration: real estate (an apartment up to 120 sq. m, a house up to 240 sq. m, nonresidential premises up to 60 sq. m, a land plot meeting free privatization standards);
– one vehicle that is in the register (except for those intended for the carriage of 10 people and more or with an engine capacity of more than 3,000 cubic cm, or the average market value of which is above 375minimum wages, while aircraft, helicopters, yachts, boats are subject to declaration); other assets with a total value of up to UAH 400,000.
The draw has named the rivals of the clubs in the 1/8 finals of the UEFA Europe League.
Dynamo will play against Spanish Villarreal in 1/8 of UEFA Europa League.
The draw took place at the UEFA headquarters in the Swiss city of Nyon on February 26.
The first matches of the 1/8 finals of the UEFA Europa League are scheduled for March 11, the return matches – for March 18.
Dynamo Kyiv football players will play the first match in Kyiv
The draw has named the rivals of the clubs in the 1/8 finals of the UEFA Europe League.
Shakhtar Donetsk Football Club will play against Roman Roma.
The draw took place at the UEFA headquarters in the Swiss city of Nyon on February 26.
The first matches of the 1/8 finals of the UEFA Europa League are scheduled for March 11, the return matches – for March 18.
Shakhtar footballers will play the first match in Rome.
According to Interfax-Ukraine, the list of assets of ex-owner of PrivatBank Ihor Kolomoisky outside Ukraine and Russia, confirmed by him under oath in January 2018, with an estimated value of approximately GBP 1 million or more (non-U/R asset list) ran to 18 pages, Judge Trower said on February 21, 2021 during the hearing initiated by PrivatBank over one of the assets.
According to the published decision, the asset disclosures made by Kolomoisky relating to his assets outside Ukraine and Russia initially took the form of an asset list provided early January 2018, which described 40 assets.
The updated list was prepared in six columns headed respectively: Asset Description, Trading/Non-trading, Location, Detail, Estimated Value (USD) and Encumbrance (if any).
“A significant number of these assets were Mr Kolomoisky’s interests in companies located in a number of different jurisdictions. The reference to Trading/Non-trading was a relevant detail because the freezing order as varied did not prohibit dealings or disposals in the ordinary and proper course of business, nor did it require notification to Hogan Lovells [lawyers of PrivatBank] of dealings or disposals in the ordinary and proper course of business by any trading company,” the judge said.
He also reminded that the list of these assets under worldwide freezing order is confidential information.
According to the judge, apart from Mr Kolomoisky’s interests in the companies identified in the updated asset list, the other main types of asset were claims against third parties described variously as a debt or a chose in action.
According to the document, at various points during the course of 2018, Mr Kolomoisky produced further updates to the non-U/R asset list. The judge said that Mr Kolomoisky has directed his attention to addressing queries from the Bank regarding his asset disclosures and the use has made some 89 notifications to Hogan Lovells since the freezing order was originally granted, and has sought consent in order to proceed with certain transactions on in excess of 120 occasions.
The February trial involved investments of about $50 million by the former owner of PrivatBank in bitcoin mining involving Kolomoisky’s Georgian Manganese LLC and Vartsikhe 2005 LLC, an investment placed by way of oral agreement with Mr Aleksi Kuchukhidze with a right to receive the lesser value of 50,000 Bitcoin or $1 billion in January 2021. However, according to the document, the Bitcoin mining operations only took place for 17 months. Production of Bitcoin stopped in September 2019, at which stage a total of 3,533.3 Bitcoin had been mined. After payment of expenses and reimbursement to GM of the original investment, the current balance was approximately 800 to 1,000 Bitcoin of which Mr Kolomoisky was entitled to 90% (at the current exchange rate it is about $46,400).
The bank issued an application for an order that Mr Kolomoisky attend to be cross examined before a High Court judge in relation to his assets, but Judge Trauer denied it.
During the hearings, the Bank also expressed concern that Kolomoisky did not disclose its assets or that their description contains differences, in particular with regard to receivables, trading/non-trading classification and ownership structure. In relation to all three of these categories, it may be the case that the bank will wish to formulate further focused interrogatories in relation to the terms and incidents of these debts which are justified as a necessary basis for their preservation, but that is not the focus of the application today. Judge Trower said that it could be done at some stage in the future.
PJSC Ukrtelecom in 2020 reduced its net income by 2%, to UAH 6.214 billion, the company’s CEO Yuriy Kurmaz said at a press conference in Kyiv on Wednesday.
At the same time, EBITDA increased by 4.8%, to UAH 1.698 billion, and EBITDA margin by 1.8 percentage points, to 27.3 compared to the operator’s audited statements for 2019.
The company’s capital investments decreased by 0.5%, to UAH 688 million.
In 2020, Ukrtelecom built 10,000 km of fiber-optic communication lines, providing 270,000 households with the access to the optical Internet network.
Ukrtelecom is the largest fixed-line operator in Ukraine. It is the sole founder and participant of TriMob LLC – a mobile operator of 3G/UMTS standard.
Agricultural holding Kernel, one of the largest in Ukraine, in the second quarter of fiscal year 2021 (FY, began in July 2020) saw $170.64 million in net profit, a rise of 3.8-fold year-over-year.
According to the company’s report posted on Friday, its revenue in October-December 2020 grew by 28.5%, to $1.327 billion.
The company said that in H1 FY2021 its net profit amounted to $404.02 million, and revenue reached $2.267 billion, a rise of 3.9-fold and 20.4% year-over-year respectively.
Kernel said that EBITDA in Q2 FY2021 increased 2.5-fold, to $269 million, and in H1 FY2021 – 2.6-fold, to $559 million.
The company said in the report that a grain price boom and oilseeds price hikes created an opportunity momentum for trading business.
