Corporate, Commercial Law and Dispute Resolution · Contracts, Commercial Law and Transactions
Tax-control compliance in Ukraine covers cash operations, foreign-currency transactions, supporting documents and responses to the State Tax Service. Businesses can reduce avoidable disputes by aligning operational procedures with the records that tax authorities expect to see during routine control or an inspection.
Cash Operations and Fiscal Registration
Cash discipline requires consistent recording of receipts, payments and supporting documents. Businesses using cash or card settlements should also review whether an RRO (Registrar of Settlement Operations) or PRRO (Software Registrar of Settlement Operations) is required for the relevant activity.
review cash transactions and cash documents;
check the use of RRO or PRRO where applicable;
organise internal procedures for receiving and paying cash;
identify documentary gaps that could create questions during a tax inspection.
Currency Control and Cross-Border Payments
Foreign-currency operations require particular attention to contracts, payment purpose and supporting documents. Import, export and other international transactions should be documented so that the bank and tax authority can understand the commercial basis of the payment.
review international transactions against the applicable currency-control requirements;
check foreign trade contracts and transaction documents;
prepare the evidence needed to support incoming and outgoing cross-border payments;
identify issues that may delay a payment or create sanctions.
Preparation for Tax Authority Requests
Tax inspections and information requests are easier to manage when the company has already organised contracts, invoices, accounting records and payment evidence. A preliminary review can identify missing documents before the authority asks for them.
Risk Review
Operational tax risk should be assessed by transaction type rather than by general assumptions about the business. Cash handling, unusual payments, cross-border contracts and inconsistent records often require separate documentary controls.
Tax compliance strategy should connect cash discipline, currency transactions and audit documentation to one consistent evidential record. Reliable procedures save management time and give the business a clearer position if the State Tax Service questions an operation.
Why is it better with us?
The principal activities of the UBC group of companies are consulting, financial and investment services, search and selection of investors for business and attraction of loans, purchase and sale of established businesses in Ukraine, Europe and other countries, IT services, and development of commercial real estate in Ukraine and abroad. For the development of your business: registration of enterprises in Ukraine, ready-made companies in the EU, registration of companies in England and other countries, corporate law, offshore jurisdictions and offshore companies, business consulting, audit, certification, registration of LLCs, registration of financial companies, asset management companies, mutual investment funds, registration of joint-stock companies, issue of securities and bonds, and support for foreign investment.
The continuously expanding range of regional and foreign partners directly helps resolve our clients’ issues when conducting business both in Ukraine and abroad.
We are always focused on the result you need and will do everything to achieve it within the required timeframe, taking your wishes and requirements into detailed account! Why is it better to start business in Ukraine with UBC? The answer is simple - we have much more practical experience, resources and opportunities.
Price: Tax-Control Compliance: Cash Operations, Currency Transactions and Audit Readiness