Zelensky signs latest laws for entrepreneurs

Ukrainian President Volodymyr Zelensky signed on Oct.
18 a law on concessions that enables transferring state-owned sites into
temporary use by private enterprises. The new concessions are aimed at
attracting investment and promoting the modernization and effective
administration of sites owned by the state and municipalities, according to the
text of the legislation, which provides for a single procedure of initiating
and approving decisions in conducting concessions. Other than that, the new law
enables replacing the concessioner in the event of failing to fulfill
obligations and resolving conflicts in international commerce and investment
arbitrage.

The same day, Zelensky signed laws requiring SMEs
to use cash registers and offering government cashback rewards as of October 2020
for consumers reporting on unregistered purchases. These SMEs are also required
to use Digital Payment Registrars (RROs) in form of a computer or Smartphone
application called E-Receipt, which will be freely provided by the State Tax
Service. The application will enable issuing digital instead of paper receipts.
Recall, the legislative measures drew widespread criticism from entrepreneurs
of all sizes, prompting President Zelensky to impose a two-year moratorium with
an Oct. 17 decree to revise the conditions of these laws with entrepreneurs.