Global Insight | February 2024

Tax Guide for Ukraine 2024

The Nexia DK Ukrainian Tax Guide 2024 offers a brief overview of the tax system in Ukraine for this year, both for individuals and legal entities.

The crucial factor which has influenced and continues to influence all types of businesses and individuals in Ukraine during the last two years, is Russia’s invasion. The war affected all spheres, including activities of enterprises operating in Ukraine and relevant legislative norms. Today, the war has a vital effect on the tax, customs and currency policies of Ukraine.

Due to the imposition of martial law in Ukraine on February 24, 2022, certain temporary norms were introduced, including tax privileges for businesses that are unable to perform their tax obligations, VAT exemption for certain types of transactions (special personal protective equipment, defense goods, some medicines and medical devices), etc.

Despite the war, Ukrainian business continues working, new legal entities are being registered, and new investments are coming to Ukraine even in such an extremely turbulent time. Pre-war initiatives are being implemented, in particular, the Diia.City regime which provides for tax privileges for IT-companies. CFC rules were introduced as of January 1, 2022, and the first CFC reports were filed in April 2023.

For more information, please download the guide here.

For more information, please contact:

Olena Voznyuk
Partner
Tax and Legal Services
T: +38 067 243 4229
E : OlenaVoznyuk@nexia.dk.ua
W: nexia.dk.ua