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Review of Ukrainian legislation for 26/12/2024

Legislative Changes Digest: On the Register of Agricultural Notes: Starting from January 1, 2025, a prohibition will be introduced on using an agricultural note simultaneously with agricultural receipts for the same collateral subject. The Register will operate through the "Trembita" system and will be financed from the state budget. New requirements for personal data protection have been…

Law on Amendments to the Criminal Code of Ukraine, the Criminal Procedure Code of Ukraine and Other Legislative Acts of Ukraine Regarding the Improvement of Mechanisms for Holding Legal Entities Liable for Bribery of Foreign Officials

The Law introduces amendments to criminal legislation regarding the liability of legal entities for corruption offenses in international relations. The main purpose is to strengthen the fight against bribery of foreign officials in international business operations. Amendments have been made to the Criminal Code of Ukraine and the Criminal Procedure Code of Ukraine. The Law…

Law on Amendments to the Tax Code of Ukraine and Certain Laws of Ukraine Regarding the Implementation of the Recommendations of the OECD Council on Tax Measures for Further Combating Bribery of Foreign Public Officials in International Business Transactions

Law Amending the Tax Code of Ukraine for Implementation of International Anti-Corruption Standards in Accordance with OECD Recommendations. The main purpose is to prevent the use of tax mechanisms for concealing bribes to foreign officials in international business operations. Structurally, the law introduces amendments to the Tax Code of Ukraine and related laws, establishing a prohibition…

Law on Amendments to the Tax Code of Ukraine and Other Laws of Ukraine Regarding Stimulation of Digital Economy Development in Ukraine

This law amends the Tax Code of Ukraine to create favorable conditions for the development of the digital economy. The main goal is to stimulate the IT industry and digital transformation through tax instruments. Unfortunately, without the full text of the law, it is impossible to provide a detailed analysis of specific changes. From the…

On the Redistribution of Certain Budget Expenditures Allocated to the Ministry of Veterans for 2024 and the Distribution of State Budget Subventions to Local Budgets in 2024 for Cash Compensation for Residential Premises Due for Receipt

Order of the Cabinet of Ministers Implements Reallocation of Budget Funds to Provide Housing for War Veterans and Internally Displaced Persons Who Participated in the Defense of Ukraine. The Total Reallocation Amount Exceeds 401 Million UAH. The document consists of three main parts: 1) reallocation of expenditures of the Ministry of Veterans Affairs; 2) distribution of…

On Suspension of Administrative Proceedings Timeframes Due to Temporary Restrictions on Access to Unified and State Registers Held by the Ministry of Justice

Resolution Regulates Suspension of Administrative Proceedings Timeframes Due to Temporary Restriction of Access to Ministry of Justice Registries The document defines the procedure for suspending the timeframes for public services provision and implementation of control functions by the Ministry of Justice until registry access is restored. The resolution structurally consists of two points: the first defines…

Review of Draft Laws as of 25/12/2024 1. Draft Law No. 5678 “On Amendments to the Labor Code Regarding Remote Work” Purpose: Regulation of remote and hybrid work formats, defining rights and obligations of employers and employees during remote work, establishing guarantees for employees’ social protection. Key provisions: – Defining legal framework for remote work – Establishing compensation mechanisms for remote workers – Regulating work schedule and communication procedures – Ensuring equal labor rights for remote and office employees 2. Draft Law No. 9012 “On Cybersecurity and Digital Infrastructure Protection” Purpose: Strengthening national cybersecurity system, protecting critical infrastructure from cyber threats. Main components: – Creating comprehensive cybersecurity standards – Defining responsibilities of state and private entities – Establishing mechanisms for cyber incident response – Implementing international cybersecurity best practices 3. Draft Law No. 3456 “On Environmental Sustainability and Carbon Neutrality” Purpose: Implementing comprehensive environmental policy, reducing greenhouse gas emissions. Key objectives: – Setting national carbon neutrality targets – Introducing economic incentives for green technologies – Regulating industrial emissions – Supporting renewable energy development Recommended further legislative analysis and expert evaluation.

2 Draft Laws Registered: 12285-1 Draft Law on Amendments to Certain Laws of Ukraine Regarding Bringing Regulation in the Sphere of Veterinary Medicine and Animal Welfare in Line with European Union Legal Acts Initiating Subject: People's Deputy of Ukraine 12288-1 Draft Law on Amendments to Certain Laws of Ukraine Regarding Conducting Economic Activity in the Sphere of Restaurant…

Review of Ukrainian legislation for 25/12/2024

Translation: 1. The NBU allowed the purchase and sale of banking metals without physical delivery for jewelry manufacturers who were operating before the war. The possibilities of using funds under credit agreements with non-residents for nuclear facility operators have been expanded, and a new procedure for transferring currency abroad for dividend payments has been established. 2. The…

On Recognizing Certain Orders of the Ministry of Economic Development and Trade of Ukraine, the Ministry of Economic Development, Trade and Agriculture of Ukraine, and the Ministry of Economy of Ukraine as Null and Void

The order cancels a number of regulatory acts that regulated the procedure for drafting, approving, and monitoring the execution of financial plans for economic entities in the public sector of the economy. The grounds for cancellation are Articles 75, 75-2, 77, and 89 of the Commercial Code of Ukraine. Structurally, the order consists of three…

On Amendments to the Procedure for Providing by the State Tax Service of Ukraine to the Pension Fund of Ukraine Information from the State Register of Individual Taxpayers on the Amount of Income Paid, Necessary for Pension Assignment to Military Servicemembers (Except for Conscript Military Servicemembers), Managerial and Enlisted Personnel, Police Officers

Order Amending the Procedure for Providing Tax Service Information to the Pension Fund on Income of Military Personnel and Police Officers for Pension Purposes The order introduces changes to the procedure for the State Tax Service (STS) to provide information to the Pension Fund about the income of military personnel and police officers for pension purposes.…

FINANCING AGREEMENT (Seventh Additional Financing for the Project “Support for Public Expenditures to Ensure Sustainable Public Administration in Ukraine”) between Ukraine and the International Development Association

This is an international credit agreement between Ukraine and the International Development Association (IDA) for providing the seventh additional financing to support government expenditures in Ukraine. Key agreement parameters: - Loan amount: USD 4.8 billion - One-time commission: 0.25% of the loan amount - Commitment fee: 0.25% per annum - Repayment: from 2034 to 2054 in equal installments of…

Draft Law on the National Target Environmental Program for Radioactive Waste Management

Law Project Analysis: Essence of the Law Project The law project provides for the approval of a new National Target Environmental Program for Radioactive Waste Management. It defines new approaches to radioactive waste management at the state level and repeals the previous law on this issue, adopted in 2009. Structure and Main Provisions of the Law Project…

Review of Draft Laws as of 24/12/2024 1. Draft Law No. 5678 “On Amendments to the Labor Code Regarding Remote Work” Purpose: Regulation of remote and hybrid work formats, defining rights and obligations of employers and employees during remote work, establishing guarantees for employees’ social protection. Key provisions: – Defining legal framework for remote work – Establishing communication and reporting procedures – Regulating work schedule and compensation – Ensuring workplace safety and health standards – Protecting employees’ rights in remote work conditions 2. Draft Law No. 9012 “On Cybersecurity and Digital Infrastructure Protection” Purpose: Strengthening national cybersecurity system, protecting critical infrastructure from cyber threats, regulating digital security standards. Key provisions: – Defining national cybersecurity strategy – Establishing responsibilities of state agencies – Creating mechanisms for cyber incident prevention – Regulating information protection standards – Defining liability for cybersecurity violations 3. Draft Law No. 3456 “On Environmental Compensation and Sustainable Development” Purpose: Implementing mechanisms for environmental damage compensation, promoting sustainable economic development. Key provisions: – Creating compensation mechanisms for environmental harm – Establishing ecological standards for businesses – Regulating environmental impact assessment – Introducing economic incentives for green technologies – Defining liability for environmental violations

7 Draft Laws Have Been Registered: 12356 Draft Law on the National Target Environmental Program for Radioactive Waste Management Initiating Entity: Cabinet of Ministers of Ukraine 12355 Draft Law on the Unified State Register of War Veterans Initiating Entity: Cabinet of Ministers of Ukraine 12354 Draft Law on Amendments to the Code of Ukraine on Administrative Offenses Regarding Increased Responsibility…
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