The rate of tax on interest has been increased from 2% to 5%, and taxation of dividends and royalties at a zero rate has been abolished, such major changes to the convention between Ukraine and the Netherlands on avoiding double taxation and preventing tax evasion with respect to tax on income and property have been stipulated in the relevant protocol.
This document was signed by Finance Minister of Ukraine Oleksandr Danyliuk and State Secretary for Finance of the Netherlands Menno Snel in the Netherlands on March 12. According to a press release of the Ministry of Finance, the protocol provides for the taxation of dividends at a rate of 5% if the actual owner of the dividends is a company that directly owns at least 20% of the capital of the company, paying dividends, and 15% in all other cases. The tax rate for royalties is set at 5% and 10%. Among the changes is also a significant expansion of the parties’ ability to exchange tax information.
Federal President of the Republic of Austria Alexander Van der Bellen will be in Ukraine on March 13-15 on an official visit at the invitation of Ukrainian President Petro Poroshenko, the Ukrainian presidential website has said.
“On March 13-15, Austrian Federal President Alexander Van der Bellen with a strong delegation of business representatives will pay an official visit at the invitation of Ukrainian President Petro Poroshenko,” it said. On the agenda of the visit are bilateral talks in a narrow circle and as part of the official delegations, as well as the two presidents’ participation in the opening of a Ukrainian-Austrian business forum. The Austrian president is also scheduled to visit the city of Lviv in the west of Ukraine. On March 14, there will be an official meeting of the two presidents, which will be followed by a media briefing. On the same day, the two presidents will attend the Ukrainian-Austrian business forum in Kyiv.
A team of the Radar Tech cluster, which has been organizing the Telecom accelerator project jointly with Kyivstar and which added the accelerator of agrarian investment jointly with MHP to it last autumn, has announced the launch of the similar project for Fintech startups with UkrSibbank.
“We are launching another corporate accelerator! This time it is Fintech!!!” team member Yulia Poroshenko wrote on her Facebook page on Wednesday.
According to co-founder of Radar Tech Maksym Bakhmatov, the new accelerator program will start on March 26, 2018. Then the details of the program will be disclosed.
Radar Tech cluster was created by a team of managing partners of Unit.city innovations park Bakhmatov and Maksym Yakover, the co-founder and managing partner of GrowthUP Group Denys Dovhopoly, advisor at McKinsey Poroshenko, telecom expert at BCG Yulia Myronova and Director General of Chasopys creative space Olena Kalibaba.
UkrSibbank was founded in 1990. BNP Paribas S.A (France) owns 60% of the bank’s charter capital, while the EBRD holds 40%.
The bank ranked 7th among 88 operating banks as of October 1, 2017, in terms of total assets worth UAH 42.977 billion, according to the National Bank of Ukraine.
Ukrainian President Petro Poroshenko has said that he supports the idea of holding tax amnesty in Ukraine so that Ukrainians could pay the respective tax, bring money into Ukraine and legally invest in the Ukrainian economy.
“I propose that we once again return to the discussion of the so-called ‘zero’ declaration. We cannot say that every Ukrainian is guilty of something. We should give every Ukrainian the opportunity to pay the respective tax, in accordance with the law, bring money into Ukraine, invest it in the Ukrainian economy and feel a free citizen of a free country,” he said at a meeting with business representatives in Kyiv on Monday.
Poroshenko invited those present to join the drafting of a bill on the so-called “zero” declaration.
“I will not submit it now, but if you support this, I propose our joint work in order to protect, first and foremost, small and medium-sized businesses,” he said.
Transport companies in Ukraine in January 2018 increased passenger transportation by 1.6% compared to January 2017, to 366.7 million people. The State Statistics Service reported passenger turnover for the reporting period increased by 3.2%, to 7.5 billion passenger-kilometers.
Transportation by rail (taking into account transportation by the city electric train) decreased by 2.5%, to 11.5 million people.
Transportation by road in January 2018 fell by 2%, to 162.5 million passengers.
Air transport carried 700,000 passengers (6.5% more).
Transportation of passengers by trams, according to the State Statistics Service, rose by 5.5%, to 52.6 million people, by trolleybuses by 6.3%, to 84 million people, by the underground by 2.9%, to 55.4 million passengers.
