On August 28, the Commercial Code officially ceased to be valid. From now on, economic relations are regulated by the Civil Code and special by-laws. The adaptation will be in effect for three years until 2028, which will ensure a smooth transition of business entities to the new legal changes.
The main consequences of the loss of validity of the Civil Code:
- all new contracts regulating economic activities are concluded exclusively on the basis of the Civil Code;
- existing commercial contracts remain valid, but the general provisions of the Civil Code apply to them;
- abolition of management, economic and operational management, which is replaced by the right of usufruct;
- state, municipal, and private legal entities must reorganize into LLCs or JSCs during the transition period until 2028;
- corporate governance is brought into line with the CC: meetings of participants, duties of directors, fiduciary rules;
- Legal entities should revise their constituent documents and remove references to the Civil Code.
August 13 A Resolution was adopted to update the rules for state registration and trade in vehicles. The main innovations established by the resolution:
·transfer of the automated electronic register of entities trading in vehicles into a database of business entities
-The database of business entities is protected by certified technical and cryptographic means. All data from the previous register is preserved and recognized as valid. Such data transfer must be completed within 6 months after entry into force.
·The registration/re-registration procedure has been clarified (according to order No. 1388)
-entities selling vehicles must be registered with the Main Service Center of the Ministry of Internal Affairs and conclude an appropriate contract;
-A mechanism for deregistration for alienation with an entry in the "Special Notes" column of the registration certificate has been introduced.
·the procedure for selling used vehicles has been clarified (according to order No. 1200)
-Rules for the sale of vehicles that were state registered and purchased for resale were introduced.
·a certain list of documents when reselling a vehicle:
-Registration certificate with the appropriate mark.
-A document stating the valuation or market value.
-A statement signed by an individual about the number of cars seized per year.
·clarification regarding the ban on the purchase of risky vehicles:
-are under arrest or wanted;
-belongs to debtors (according to the Unified Register of Debtors);
-have sanctions or legal burdens;
-do not have the necessary documentation or assessment.
· determining the deadline for entering information about a vehicle purchased for further resale:
-and information about the car purchased for resale must be submitted to the business entity within 10 days. If not submitted, the vehicle is subject to general state registration.
On September 3, the Verkhovna Rada supported in the first reading a bill outlining the legal framework for the legalization of the virtual assets (cryptocurrencies) market in Ukraine. According to the document, the circulation of virtual assets will become legal, and monitoring and control will be carried out by state bodies that the Cabinet of Ministers will designate as market regulators after the adoption of the law.
The bill contains a number of tools: separate taxation of profits from transactions with virtual assets (personal income tax and military levy), the introduction of reporting for service providers, requirements for written registration within 60 days and fines for violations. The exchange of cryptocurrencies among themselves, as well as transactions for minimum amounts (up to the minimum wage), are exempt from taxation. For the first year, a "preferential rate" is provided - 5% of revenue, excluding purchase costs.
Finance Committee member Danylo Getmantsev noted that the bill was developed based on the EU regulation (MiCA) using international experience. According to him, paying taxes has become more accessible: "during 2026, the owner of a crypto can sell it at a preferential rate and pay taxes without confirming expenses."
Experts have already drawn attention to the text of the bill, noting the need to clarify who exactly will be the regulator (NBU or NSSMC), eliminate terminological ambiguities, and regulate the regulator's access to premises and information systems during an investigation. There may be a lot of proposals before the final approval of the second reading, but it is already obvious that the launch of the crypto-asset market gets a real chance to officially function in Ukraine.
August 27 The law amending the law on limited and additional liability companies came into force. The text of the law establishes the right to create additional capital, separate from the authorized capital.
The law proposes the following :
·The company's Charter may now provide for the creation of additional capital separately from the authorized capital - at the expense of financial contributions from participants, without changing the nominal value of their shares.
·Contributions to additional capital are approved by the general meeting of participants, which sets its amount. Participants may contribute money, securities or other property.
·The legal regime of such property and the procedure for its disposal can be prescribed in the Charter and / or in the corporate agreement.
·The ability to attract investments transparently and with minimal legal burdens - without making changes to the authorized capital and shares of participants.
On September 1, the Law "On Lobbying" came into force in Ukraine - the first systemic act that officially regulates the interaction of business, the public and the government. Now any activity aimed at influencing (or attempting to influence) the decisions of government bodies in commercial interests must be transparent and open.
The law introduces mandatory registration in the Transparency Register, which is administered by the NACP, and also establishes ethical rules of conduct for lobbying entities. From now on, participants in such activities are required to submit semi-annual reports with information on clients, objects and subjects of influence, expenses, and meetings with officials.
At the same time, the law clearly outlines what does not fall under the definition of lobbying — in particular, diplomatic representation, advocacy, media activities, participation in referendums and consultations, scientific and technical activities, and activities of political parties, and also refutes the connection of the mechanism with peaceful assemblies or public initiatives at local and all-Ukrainian referendums.
For business, change is a rethinking of the GR ( government) culture. relations ) — from now on, everything "in the shadows" must become clear, documented, and responsible. The NACP is conducting an information campaign, and the European Business Association is already recommending that companies adapt their internal policies to comply with the new rules.
Notable changes include the introduction of administrative liability : entities that violate the requirements — including untimely reports, illegal lobbying, or concealing important information — face fines ranging from UAH 850 to UAH 17,000, and even suspension of lobbyist status in the NACP register. More significant fines, up to UAH 34,000, are also possible for those who violate prohibitions on the subject of lobbying and will work in the interests of those individuals, clients who fall under the lobbying ban, as well as in the case of using an illegal source of funding. Regarding the ban on lobbying as an additional penalty, the new legislation introduces a procedure for adopting such a decision by a court decision, which is sent to the NACP within three days and is entered into the Transparency Register to suspend the status of a lobbying entity for such a violator.
From August 6 The Resolution, which amended the procedure for providing and taxing charitable assistance, came into force. This resolution expanded the list of needs for which assistance provided is not included in the taxable income of individuals according to the Tax Code of Ukraine.
The main criterion by which charitable assistance can be provided is the distribution of assistance through persons entered in the Unified Register of Recipients of Humanitarian Aid and the Register of Non-Profit Organizations and Institutions, which may include:
· State / municipal institutions whose assistance is distributed through the state or local budget;
·Charitable organizations registered in accordance with the Law of Ukraine "On Charitable Activities";
·International organizations (their branches and representative offices) that have the right to provide charitable assistance and are determined by the Cabinet of Ministers of Ukraine;
According to the Tax Code of Ukraine (clause 170.7 , article 170 of the Tax Code of Ukraine), which directly stipulates that charitable assistance provided in favor of the acquirer in accordance with certain requirements is not included in the taxable income of individuals.
According to the text of the Resolution, it is assumed that charitable assistance, not only in the form of financial support, but also material assets, aimed, in particular, at:
·purchase of food, clothing, shoes, hygiene products;
·payment for medical services and purchase of medicines;
·payment for educational services, etc.;
·providing goods necessary for the reconstruction of damaged or destroyed housing, dwellings, or structures;
·providing temporary housing;
·transport services for evacuation and transportation;
·providing planting and sowing material for agricultural crops, fertilizers and agricultural work;
·other priority needs of victims of war and emergencies.
Thus, the Resolution details the definition of categories of charitable assistance and the purpose of expenses that are subject to tax exemption. If the assistance meets the requirements of the updated list and the provisions of the Tax Code, the recipient will not need to declare the assistance received as income, and the tax authorities will not charge any obligations.
