The Parliament approved the simplification of administrative procedures for the export of services

The Supreme Council of Ukraine has been considering the adoption of updated regulations "On amendments and supplements to some legislative acts of Ukraine concerning the elimination of administrative barriers to the export of services." This decision is considered another breakthrough in the state's regulations aimed a supporting and improving the existing legislation so that IT services providers are expected to avoid a significant share of red tape and documentaries which only complicate vast majority of procedures.


The draft of the law envisions that service exporters will be able to conclude foreign trade agreements (contracts), not only in writing but also in electronic, as well as via the public offer, electronic messaging, or by invoice. In addition, the bill will ban banks from requiring a translation of the documents into the Ukrainian language, if they are provided in English.


Also, according to the bill, the invoice should be recognized as the primary document, which should simplify the procedure for accounting and financial reporting. Under the proposed changes, the invoice can be signed by means of a personal signature, an analogue of a handwritten signature, an electronic signature or electronic digital signature in accordance with the law "On electronic digital signature", a one-time electronic signature ID. In this case, you will need only the signature of the exporter. In accordance with the volume and quality of services provided the non-resident is to make the payment by the invoice.

Source: biz.censor.net.ua

Leave a Reply