Top 3 changes in legislation since January 1, 2023

1. The new Law "On the Customs Tariff of Ukraine" entered into force.

The edition of the Law will ensure the following:

• simplification of the procedure for customs clearance of goods during foreign trade operations;
• elimination of discrepancies in the versions of systems of Ukrainian classification of goods of foreign economic activity of Ukraine and trade partner countries;

Also, the Law does not provide for changes in the rates of import duties on goods, but only for changes in the classification of some goods according to UKTZED (in Ukrainian UKTZED - Ukrainian Classification of Goods of Foreign Economic Activity).

2. When supplying software products, VAT must be charged again.

We would like to remind you that from January 1, 2013 to January 1, 2023, there was an exemption that exempted transactions related to the supply of software products from VAT, but this period was not extended.

In this regard, VAT will be charged on:

• the result of computer programming in the form of an operating system, system, application, entertainment and/or educational computer program (their components), as well as in the form of Internet websites and/or online services and access to them;
• copies (exemplars) of computer programs, their parts, components in material and/or electronic form, including in the form of code(s) and/or links for downloading the computer program and/or their parts, components in the form of code(s) for activating a computer program or in another form;
• any changes, updates, applications, additions and/or expanding of the functionality of computer programs, the right to receive such updates, changes, applications, additions within a certain period of time;
• cryptographic means of information protection.

3. The new Law on joint-stock companies entered into force.

The new Law will improve the following:

• introduction of the mechanism for conducting general meetings with the use of electronic voting;
• bringing a number of its norms into compliance with the EU legislation;
• making it possible to introduce a one-level structure of company management in joint-stock companies;
• settlement of the issue of liability of officials of the joint-stock company.