Taxes in Ukraine
With the acquisition in 1991, the state sovereignty Ukraine has begun to create a new tax system. However, the tax system of Ukraine is one of the most complex and cumbersome systems in the world, which is confirmed by international ratings and reports.
Our company provides consultations and highly qualified accounting services, on issues of legislation and taxation. We also offer full accounting support in Ukraine.
In the general taxation system in Ukraine, there can be both individual and legal entities.
Simplified tax regime
On a simplified taxation system, deductions to the treasury directly depend on the figures for the minimum subsistence minimum and the minimum wage for the 1st and 2nd groups, respectively, set in the state budget.
Tax rates
The table below outlines several of the most common types of taxes along with their corresponding rates.
| Tax | Tax Rate |
|---|---|
| VAT | 20% |
| Corporate income tax | 18% |
| Personal income tax | 18% |
| Dividend tax | 5% – 18% |
| Capital Gains tax | 15% – 18% |
| Property tax | Up to 1.5% of minimum wage per 1m² |
| Inheritance tax | 0% – 18% |
| International tax | Varies (15% WHT standard, reduced rates under treaties) |
| Cryptocurrency tax | 5% – 18% |
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If you have a company in Ukraine, it is mandatory to do accounting and complete all taxation rules according to Ukrainian laws.
Direct tax
Direct tax is one that is assessed on an individual (legal or natural) or property (i.e. real and personal property, livestock, crops, salaries, etc.) as distinct from the transaction tax.
Indirect tax
An indirect tax is a tax imposed by an agent (such as a retail store) on a person who carries the ultimate economic tax burden (such as the consumer). Subsequently, the intermediary issues a tax return and returns the tax proceeds to the nation.
Fees
In any of the aforementioned groups, net income is calculated on all total earnings earned over the fiscal year and decreased by revenue-related expenditures for the same time. Losses from one of the seven types of basic income (except capital investment) should be entirely compensated against positive income from another category of income (exceptions which apply to other income').
Business in Ukraine
Our company provides services for setting up a company in Ukraine. The specialists of our company have the necessary knowledge, experience and qualifications. We can offer a consultation with taxes in Ukraine. In addition, we also provide business support, accounting and other services necessary for your business. Our specialists have vast experience in this field of activity. We will be happy to help you successfully open a business in Ukraine.
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Disclaimer
Tax laws and regulations are frequently updated and can differ depending on personal circumstances. The information shared here is intended for general guidance and may not represent the latest changes. It is strongly advised to seek the assistance of a qualified tax professional for specific and current advice related to your situation.