- the possibility of a foreign trade agreement not only on paper but in electronic form – by taking the offer (public offer), electronic messaging or billing invoice;
- the abolition of exchange controls for the export of services (works) and intellectual property rights;
- recognition of invoice primary records sufficient to confirmation of economic operations, and to confirm the agreement of non-resident counterparty price and other terms of the contract. Payment of invoice shall be deemed acceptance of works and replace signatures and seals;
- the possibility of drafting primary and composite records in electronic form, as well as establishing new details: electronic signature, electronic signature or electronic signature of a single identifier;
- a ban on bank demand translation of documents posted in English and documents contained in two languages, one of which Ukrainian or English.
July 12 the Verkhovna Rada adopted a basis the bill “On Amendments to Certain Legislative Acts of Ukraine (regarding the removal of administrative barriers to exports of services).” The adoption of this law will be an important step in the development of the export of services (particularly in the IT-sector) as will minimize bureaucratic delays and simplify the procedure of signing a foreign trade agreement, and accounting operations.
Among the innovations:
The amendments proposed to the following legislative acts: the Law of Ukraine “On Foreign activity”, “On the order of payments in foreign currency”, “On Accounting and Financial Reporting”, as well as a number of regulations.
Removal of administrative barriers is a necessary condition for the withdrawal of export services from the shadows, develop small and medium business and increase revenues into the country foreign exchange earnings.