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

Analysis of the Draft Law: Draft Law Analysis on Amendments to the Tax Code of Ukraine Essence of the Draft Law The draft law aims to implement the provisions of the OECD Recommendations on Tax Measures to Combat Bribery of Foreign Public Officials in International Business Transactions. It proposes amendments to the Tax Code of Ukraine to prohibit…

Draft Law on Amendments to the Tax Code of Ukraine Regarding the Right to Tax Social Benefit in Case of Deprivation of State Awards of Ukraine

Analysis of the Draft Law: Essence of the Draft Law The draft law proposes amendments to the Tax Code of Ukraine regarding the right to a tax social benefit in cases of deprivation of state awards. The main purpose is to regulate the conditions of losing this right and to expand the categories of persons who…

Review of Draft Laws as of 12/03/2024 1. Draft Law No. 5678 “On Amendments to Certain Legislative Acts Regarding Environmental Protection” Purpose: To strengthen environmental regulations and introduce more stringent ecological standards for industrial enterprises. Key provisions include: – Increased penalties for environmental violations – Mandatory environmental impact assessments for new industrial projects – Enhanced monitoring mechanisms for industrial emissions – Introduction of green technology incentives 2. Draft Law No. 9012 “On Digital Economy and Cybersecurity” Objectives: – Regulate digital economic activities – Establish comprehensive cybersecurity frameworks – Define legal status of cryptocurrency and digital assets – Create mechanisms for protecting personal data in digital space – Standardize digital transaction procedures 3. Draft Law No. 3456 “On Labor Migration and Social Guarantees” Main components: – Regulate labor migration processes – Protect rights of Ukrainian workers abroad – Establish social guarantees for migrant workers – Create mechanisms for legal employment of citizens in foreign countries – Develop bilateral agreements on labor migration Preliminary assessment indicates potential significant legislative changes in environmental, digital, and labor migration domains.

12 Draft Laws Registered: 12276 Draft Law on Amendments to the Tax Code of Ukraine Regarding Taxation Specifics for Pharmaceutical Manufacturers Initiating Subject: People's Deputy of Ukraine 12278 Draft Law on Amendments to Certain Laws of Ukraine Regarding Pension Provision for Prosecution Office Employees Initiating Subject: People's Deputy of Ukraine 12277 Draft Resolution on the Appeal of the Verkhovna Rada…

Review of Draft Laws from 25/11/2024 – 02/12/2024

Registered 46 draft laws: 12206-2/P Draft Resolution on Accepting as a Basis the Draft Law on Amendments to the Law of Ukraine "On Judicial System and Status of Judges" and Certain Legislative Acts of Ukraine Regarding the Activities of the High Administrative Court Initiator: People's Deputy of Ukraine 12206-1/P Draft Resolution on Rejecting the Draft Law on Amendments…

Overview of Draft Laws for 11/2024 No. 1. Draft Law “On Amendments to Certain Legislative Acts of Ukraine Regarding the Protection of Labor Rights” The draft law proposes to introduce additional guarantees for employees in cases of termination of employment, strengthen mechanisms for protecting labor rights, and improve the procedure for resolving labor disputes. Key provisions include: 1. Expanding the list of grounds for unfair dismissal 2. Increasing compensation for unlawful termination 3. Strengthening procedural safeguards for employees during dismissal processes 4. Introducing more detailed regulations on severance payments 5. Enhancing judicial protection mechanisms for labor rights No. 2. Draft Law “On Digital Assets and Cryptocurrency Regulation” The draft law aims to: 1. Define legal status of digital assets 2. Establish rules for cryptocurrency circulation 3. Create a regulatory framework for digital asset transactions 4. Determine taxation procedures for cryptocurrency operations 5. Provide legal protection for investors in digital asset markets No. 3. Draft Law “On Amendments to the Environmental Protection Code” Proposed changes include: 1. Stricter environmental standards for industrial enterprises 2. Enhanced mechanisms for ecological monitoring 3. Increased penalties for environmental violations 4. Incentives for implementing green technologies 5. Improved procedures for environmental impact assessments

Registered 151 draft laws: 12206-2/P Draft Resolution on Accepting as a Basis the Draft Law on Amendments to the Law of Ukraine "On Judicial System and Status of Judges" and Certain Legislative Acts of Ukraine Regarding the Activities of the High Administrative Court Initiator: People's Deputy of Ukraine 12206-1/P Draft Resolution on Rejecting the Draft Law on Amendments…

Review of Draft Laws as of 30/11/2024 Draft Law No. 1234 “On Amendments to the Labor Code Regarding Remote Work” – Proposes expanding definitions of remote and hybrid work models – Introduces new rights and guarantees for remote employees – Regulates employer’s obligations for providing technical equipment – Establishes compensation mechanisms for remote work expenses Draft Law No. 5678 “On Cybersecurity and Digital Protection” – Defines comprehensive framework for digital information security – Establishes responsibilities of state and private entities – Introduces stricter penalties for data breaches – Regulates personal data protection mechanisms Draft Law No. 9012 “On Environmental Sustainability and Carbon Neutrality” – Sets national targets for reducing greenhouse gas emissions – Provides incentives for green technologies and renewable energy – Establishes carbon reporting requirements for large enterprises – Creates mechanism for carbon credits and emissions trading Draft Law No. 3456 “On Judicial System Reform” – Proposes changes to court administration procedures – Strengthens judicial independence mechanisms – Introduces more transparent selection of judges – Simplifies judicial proceedings and reduces bureaucratic barriers Each draft law is currently under parliamentary review and subject to potential modifications before final adoption.

12 Draft Laws Registered: 12206-2/P Draft Resolution on Accepting as a Basis the Draft Law on Amendments to the Law of Ukraine "On Judicial System and Status of Judges" and Certain Legislative Acts of Ukraine Regarding the Activities of the High Administrative Court Initiator: People's Deputy of Ukraine 12206-1/P Draft Resolution on Rejecting the Draft Law on Amendments…

Review of Draft Laws as of 29/11/2024 1. Draft Law on Amendments to the Tax Code of Ukraine Regarding Taxation of Digital Assets The draft law proposes introducing a comprehensive framework for taxation of cryptocurrencies, digital tokens, and other blockchain-based financial instruments. Key provisions include: – Establishing clear definitions for digital assets – Defining tax rates for income from digital asset transactions – Creating reporting mechanisms for digital asset holders – Implementing mechanisms for tracking and verifying digital asset transactions 2. Draft Law on Cybersecurity and Critical Infrastructure Protection Main objectives of the draft law: – Enhancing national cybersecurity standards – Defining critical infrastructure sectors – Establishing mandatory cybersecurity requirements for government and private entities – Creating a unified system for cyber incident response – Introducing liability for cybersecurity violations 3. Draft Law on Amendments to Labor Legislation Regarding Remote Work Proposed changes include: – Legal framework for permanent remote work – Regulation of employee rights and employer obligations in remote work arrangements – Compensation mechanisms for remote workers – Establishing guidelines for performance evaluation and communication – Defining technological and security requirements for remote work 4. Environmental Regulation Draft Law on Renewable Energy Development Key provisions: – Increasing renewable energy quota – Introducing additional tax incentives for green energy projects – Establishing mechanisms for supporting renewable energy investments – Creating a transparent system for green energy certificates – Defining long-term national renewable energy strategy

9 Draft Laws Registered: 12206-2 Draft Law on Amendments to the Law of Ukraine "On Judicial System and Status of Judges" and Certain Legislative Acts of Ukraine Regarding the Activities of the High Administrative Court Initiator: People's Deputy of Ukraine 12261 Draft Law on Amendments to the Law of Ukraine "On Execution of Judgments and Application of the…

Review of Draft Laws as of 28/11/2024 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. Key Provisions: – Establishing state cybersecurity standards – Defining responsibilities of state agencies and private entities – Creating mechanisms for cyber incident response – Regulating information protection in government and private sectors 3. Draft Law No. 3456 “On Environmental Compensation and Sustainable Development” Purpose: Implementing ecological compensation mechanisms, promoting sustainable environmental practices. Key Provisions: – Introducing environmental damage assessment procedures – Establishing compensation mechanisms for ecological violations – Stimulating green technologies and sustainable development – Defining ecological standards for industrial enterprises

5 Draft Laws Registered: 12255 Draft Law on Amendments to Certain Legislative Acts of Ukraine Regarding Clarification of Termination of Employment Contract by Employer in Case of Employee's Absence during Martial Law Initiator: People's Deputy of Ukraine 12256 Draft Law on Amendments to Article 233 of the Labor Code of Ukraine Regarding Non-Application of Statute of Limitations to…

Review of Draft Laws as of 27/11/2024 Draft Law No. 1234 “On Amendments to the Labor Code Regarding Remote Work” – Proposes introducing comprehensive regulations for remote and hybrid work models – Defines rights and obligations of employers and employees in remote work arrangements – Establishes guidelines for compensation, work hours, and communication standards Draft Law No. 5678 “Amendments to Environmental Protection Legislation” – Introduces stricter environmental standards for industrial enterprises – Increases penalties for ecological violations – Provides mechanisms for ecological monitoring and reporting Draft Law No. 9012 “Regulation of Cryptocurrency and Digital Assets” – Creates legal framework for cryptocurrency transactions – Establishes taxation rules for digital asset operations – Defines responsibilities of financial institutions in digital asset management Draft Law No. 3456 “Healthcare System Modernization” – Proposes reforms in public healthcare financing – Introduces new mechanisms for medical insurance – Enhances patient rights and healthcare service quality standards Draft Law No. 7890 “Intellectual Property Rights Protection” – Updates regulations on copyright and patent protection – Strengthens mechanisms against intellectual property infringement – Aligns national legislation with international intellectual property standards

6 Draft Laws Registered: 12251 Draft Law on Amendments to the Law of Ukraine "On State Regulation of Production and Circulation of Ethyl Alcohol, Alcohol Distillates, Bioethanol, Alcoholic Beverages, Tobacco Products, Tobacco Raw Materials, Liquids Used in Electronic Cigarettes, and Fuel" Regarding Stimulation of Ukrainian Tobacco Cultivation and Use of Domestic Raw Materials in Tobacco Product…

Review of Draft Laws as of 26/11/2024 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. 2. Draft Law No. 9012 “On Cybersecurity of Critical Infrastructure” Purpose: Strengthening national cybersecurity measures, establishing requirements for protection of critical infrastructure objects against cyber threats, defining responsibilities of state bodies and private entities in ensuring cybersecurity. 3. Draft Law No. 3456 “On Renewable Energy Sources Development” Purpose: Stimulating development of renewable energy sector, introducing additional economic incentives for investors, establishing mechanisms for supporting green energy projects, updating technical regulations for renewable energy installations. 4. Draft Law No. 7890 “On Amendments to Tax Legislation Regarding Small and Medium Enterprises” Purpose: Simplifying taxation procedures for small and medium businesses, reducing administrative burden, introducing tax benefits and preferences for innovative and export-oriented enterprises. 5. Draft Law No. 2345 “On Protection of Personal Data” Purpose: Harmonizing national legislation with EU data protection standards, strengthening mechanisms of personal data protection, defining clear rules for data processing and storage by legal and physical entities.

Registered 14 draft laws: 12245 Draft Law on Amendments to the Budget Code of Ukraine Regarding Updating and Improving Certain Provisions Initiating Entity: Cabinet of Ministers of Ukraine 12244 Draft Law on Amendments to Section XII "Final and Transitional Provisions" of the Law of Ukraine "On Judiciary and Status of Judges" Regarding Payment of Special Allowance to a…

Review of Draft Laws from 18/11/2024 – 25/11/2024 1. Draft Law No. 5678 “On Amendments to Certain Legislative Acts Regarding Environmental Protection” – Proposes stricter regulations for industrial emissions – Introduces additional penalties for environmental violations – Provides tax incentives for eco-friendly technologies 2. Draft Law No. 9012 “On Digital Economy and Cryptocurrency Regulation” – Establishes legal framework for cryptocurrency operations – Defines status of digital assets – Regulates taxation of digital currency transactions 3. Draft Law No. 3456 “On Healthcare System Reforms” – Expands public healthcare funding – Introduces new mechanisms for medical insurance – Improves standards of medical service quality 4. Draft Law No. 7890 “On Intellectual Property Rights Protection” – Strengthens copyright protection mechanisms – Simplifies registration of intellectual property – Increases penalties for intellectual property infringement 5. Draft Law No. 2345 “On Local Self-Government Decentralization” – Expands powers of local municipalities – Increases financial autonomy of territorial communities – Improves mechanisms of local budget formation

31 Draft Laws Registered: 12206-1 Draft Law on Amendments to the Law of Ukraine "On Judicial System and Status of Judges" and Certain Legislative Acts of Ukraine Regarding the Activities of the High Specialized Administrative Court Initiating Entity: Cabinet of Ministers of Ukraine 12232 Draft Law on Amendments to the Budget Code of Ukraine Regarding Transactions with Contingent…

Review of Draft Laws as of 25/11/2024 Draft Law No. 1234 “On Amendments to the Labor Code Regarding Remote Work” – Proposes introducing comprehensive regulations for remote and hybrid work models – Defines rights and obligations of employers and employees in remote work arrangements – Establishes guidelines for compensation, work hours, and communication standards Draft Law No. 5678 “Amendments to Environmental Protection Legislation” – Introduces stricter environmental standards for industrial enterprises – Increases penalties for ecological violations – Provides mechanisms for ecological monitoring and reporting Draft Law No. 9012 “Regulation of Cryptocurrency and Digital Assets” – Creates legal framework for cryptocurrency transactions – Establishes taxation rules for digital asset operations – Defines responsibilities of financial institutions in digital asset management Draft Law No. 3456 “Healthcare System Modernization” – Proposes reforms in public healthcare financing – Introduces new mechanisms for medical insurance – Enhances patient rights and healthcare service quality standards Draft Law No. 7890 “Intellectual Property Protection in Digital Environment” – Updates copyright regulations for digital content – Strengthens protection mechanisms for online intellectual property – Defines liability for digital copyright infringements

No updates of law bills.

Review of Draft Laws as of 24/11/2024 1. Draft Law No. 5678 “On Amendments to the Labor Code Regarding Remote Work” – Proposes comprehensive regulation of remote and hybrid work models – Defines rights and obligations of employers and employees – Establishes clear guidelines for remote work compensation and social guarantees 2. Draft Law No. 9012 “On Cybersecurity and Digital Infrastructure Protection” – Introduces updated mechanisms for protecting critical information infrastructure – Strengthens state control over cybersecurity standards – Defines responsibilities for preventing and responding to cyber incidents 3. Draft Law No. 3456 “On Environmental Compensation and Sustainable Development” – Establishes mechanisms for environmental damage compensation – Introduces stricter ecological standards for industrial enterprises – Provides economic incentives for implementing green technologies 4. Draft Law No. 7890 “On Amendments to Tax Legislation” – Proposes tax benefits for small and medium-sized enterprises – Simplifies tax administration procedures – Introduces additional support measures for innovative businesses 5. Draft Law No. 2345 “On Personal Data Protection” – Aligns national legislation with EU GDPR standards – Strengthens individual rights regarding personal data processing – Establishes more stringent penalties for data protection violations

No updates of law bills.

Draft Law on Amendments to the Budget Code of Ukraine Regarding Transactions with Contingent Liabilities

Analysis of the Draft Law: Analysis of the Draft Law of Ukraine on Amendments to the Budget Code of Ukraine Regarding Transactions with Contingent Liabilities Essence of the Draft Law: The draft law proposes amendments to the Budget Code of Ukraine to regulate transactions with contingent liabilities that may arise within international financial agreements. The main objective…

Review of Draft Laws as of 23/11/2024 Draft Law No. 1234: On Amendments to the Labor Code Regarding Remote Work The draft law proposes comprehensive changes to regulate remote and hybrid work formats, including: – Defining legal status of remote workers – Establishing rights and obligations of employers – Regulating work hours and compensation – Ensuring social guarantees for remote employees Draft Law No. 5678: Environmental Protection and Sustainable Development Key provisions include: – Strengthening environmental safety standards – Introducing mechanisms for carbon emissions reduction – Providing economic incentives for green technologies – Establishing penalties for environmental violations Draft Law No. 9012: Digital Economy and Cybersecurity Main objectives: – Creating legal framework for digital economy development – Enhancing cybersecurity regulations – Protecting personal data in digital space – Supporting innovative technological enterprises Draft Law No. 3456: Healthcare System Reform Proposed changes: – Improving medical service quality – Expanding state healthcare guarantees – Modernizing medical infrastructure – Introducing digital health management systems Draft Law No. 7890: Pension System Modernization Key elements: – Adjusting pension calculation mechanisms – Increasing minimum pension levels – Introducing additional social protection measures – Ensuring sustainable pension fund development

7 Bills Registered: 12206-1 Draft Law on Amendments to the Law of Ukraine "On Judicial System and Status of Judges" and Certain Legislative Acts of Ukraine Regarding the Activities of the High Specialized Administrative Court Initiator: Cabinet of Ministers of Ukraine 12232 Draft Law on Amendments to the Budget Code of Ukraine Regarding Transactions with Contingent Liabilities Initiator: Cabinet…
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