The National Bank of Ukraine, with the support from the Government of Ukraine, moves ahead with relaxing FX controls.

Thus, the NBU ceases issuing currency valuables declaration certificates to economic entities.

In accordance with amendments, this certificate is no longer required for customs clearance of exported and imported goods, carrying out banking operations with currency valuables, as well as performing other types of external economic activities.

However, it retains the requirement for economic entities to submit information required for declaring currency valuables, income and assets to the NBU, the local State Tax Inspectorates at the place of domicile of economic entities.

The amendments to this effect, which are provided for by Order of the Ministry of Finance of Ukraine No 524 of 24 May 2017 amending Order No 207 of 25 December 1995 On Approval of the Declaration on Currency Valuables, Income and Property Owned by a Resident of Ukraine and Held Abroad, shall come into force on 21 July 2017. 

Please be informed that economic entities can submit information required for declaring currency valuables, income and assets to the Division responsible for processing documents via “One-stop-shop” located in Kyiv (Kotraktova square, 2b) and Ukraine’s regions. Mailing addresses.