On December 23, 2009 the State tax administration of Ukraine issued letter No. 28593/7/17-0717 “On Taxation of Foreigners’ and Non-residents’ Income”, which inter alia clarifies on how a foreign individual can get a status of a local tax resident in Ukraine. For this purpose the foreigner’s employer should receive a Notification from the competent tax office that the foreign individual may independently decide his/her tax status in Ukraine.

On January 19, 2010 Enactment of the Cabinet of Ministers of Ukraine of January 13, 2010 No. 21 “On Amendment of Enactment of the Cabinet of Ministers of Ukraine of November 29, 2000 No. 1755” (hereinafter – “Enactment No. 21”) entered into force. Enactment No. 21 changed the expiry terms of certain types of licenses to be in line with the recently updated Section 4 of Article 14 of the Ukrainian Law “On Licensing Certain Types of Economic Activities” of June 1, 2000 No. 1775-III, as amended on December 30, 2009 (hereinafter referred to as “Law No. 1775”). Enactment No. 21 sets forth as follows:

On December 30, 2009 the Ukrainian Law “On Amendment of Certain Ukrainian Laws with view to Facilitate the Business Conditions in Ukraine” of December 15, 2009 No. 1759-VI (hereinafter referred to as “the Law”) entered into force. The Law amended a series of normative acts introducing many changes into practice of individuals’ and companies’ activities in Ukraine.

On November 24, 2009 the Ukrainian Law “On Amendment of Certain Ukrainian Laws with view to Eliminate the Negative Impacts of the Financial Crisis” of June 23, 2009 No. 1533-VI entered into force. The above Law amended a series of laws introducing many changes into practice and regulations of domestic companies as well as physical entities.