Comptabilitat a Ucraïna

Accounting Rules

Tax Year

The fiscal year begins on 1 January and ends on 31 December of the same year.

Accounting Standards

The Law on Accounting and Financial Reporting, effective from 1 January 2000, introduced National Accounting Regulations (Standards) (NR(S)AU). The law states that these local standards should not contradict International Financial Reporting Standards (IFRS), but in practice there are gaps between the two. 

Accounting Regulation Bodies

Accounting Law

Accounting Reports

The Ukrainian accounting rules are very complex in terms of taxes.
Accounting, in Ukraine, mixes tax system and financial accounting.
As taxes are excessive in the Ukraine, this makes accounting increasingly complicated.

The financial status is made up of the statement, the profit and loss account and the cash flow statement.

Publication Requirements

Financial statements must be prepared quarterly. Ukrainian accounting standards apply (generally in line with IFRS, but with some differences).

Professional Accountancy Bodies

UACAA , Ukrainian Association of Certified Accountants and Auditors (in Ukrainian)

Certification and Auditing

The external control of accounts must be given to a body of auditors chosen by the company.
The Chamber of Accounts is the highest body of financial and economic review in the Ukraine. There is also the Ukrainian Federation of Professional Accountants and Auditors and the Accounting Chamber of Ukraine.

Accounting News