ARTICLE · 26 JANUARY 2017

Major Changes To The Ukrainian Tax Rules In 2017

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The general tax rate of 18% remains intact. CPT tax basis is heavily based on the general accounting rules.

UkraineTax

Constantin Solyar

Roman Podzizei

Corporate Profit Tax ("CPT")
- The general tax rate of 18% remains intact. CPT tax basis is heavily based on the general accounting rules. The new differences for the tax purposes have been put in place. This led to non-deductibility of some of the expenses related to non-production fixed and intangible assets and transactions with CPT-exempt entities;
- From now on interest payable under qualifying Eurobonds are exempt from the Ukrainian withholding tax. Starting from January 1, 2019 the 5% tax rate will apply;
- Real estate tax cannot be credited against CPT. The land is not within the scope of this tax;
- Small businesses meeting qualifying criteria (up to UAH 3 mln. (USD 107k) annual income, etc.) are exempt from CPT until the end of 2021;

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Major Changes To The Ukrainian Tax Rules In 2017

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