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Ukraine Tax News 2014












Ukraine Tax Update


April 2014
According to a new law published on March 31, 2014 some amendments aimed to increase Ukraine's tax income are effective April 1, 2014.
The standard V.A.T rate is 20% with a reduced 7% V.A.T. rate relating to medical products.
The exempt threshold for import by mail is reduced from previous EUR 300 to EUR 150.


Ukraine Tax Update 2014


January 2014
Starting January 1, 2014 the new corporate income tax rate in Ukraine is 18% reduced from the previous 19% rate.
The standard VAT rate is also reduced from the previous 20% to 17%


Ukraine New 19% Corporate Income Tax


January 2013
Starting January 1, 2013 the corporate income tax rate in Ukraine is 19% compared to the previous 21% rate.
The rate will be further reduced to 16% in 2014.


Ukraine EFTA Free Trade Agreement


June 2012
The free trade agreement, FTA, between Ukraine and EFTA, European Free Trade Association, entered into force on June 1, 2012. The new agreement abolishes/reduces custom duties between Ukraine and EFTA.

Ukraine 23% Corporate Income Tax Rate


May 2011
Starting April 1, 2011 the new corporate income tax rate is 23%, reduced from the previous 25% rate. The tax rate will be further deuced from 1.1.2012 to 21%. Starting 1.1.2013 to 19% and starting 1.1.2014 to 16%.

Ukraine Film Production Benefits


February 2010
The Ukrainian parliment approved V.A.T. exemption for production and services related to production of national films and for foreign films dubbed in Ukraine.
The exemption will be in force for six years, till 1.1.2016.
In addition a new fund to support national cinemtography will be created.




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