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  • Service: Tax, International Corporate Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 9/26/2012

Ukraine - Corporate income tax, VAT changes 

September 26:  Changes to the tax code of Ukraine were enacted by Law No. 5083-VI (12 August 2012).

Among the changes are the following items:


  • Effective 1 January 2013, corporate income taxpayers with annual taxable income exceeding UAH 10 million (approximately U.S. $1.2 million) must make an advance, estimated payment of corporate income tax in an amount that is one half (50%) of the corporate income tax liability for the previous year. The 12- month period for determining the advance payment of corporate income tax starts in March 2013 (i.e., after the due date for submitting the annual return for 2012). There is relief from this estimated tax payment requirement for newly established entities, not-for-profit organizations, and entities that were in a loss- making position in 2012.
  • Corporate income taxpayers are no longer required to submit to the tax authorities a list of income and expenses received / incurred with respect to transactions with “unified tax taxpayers.”
  • An automatic value added tax (VAT) refund is not available for “large taxpayers” that report tax losses from their activities in 2011.
  • As of 12 August 2012, the number and the date of an import customs declaration must be included in the VAT invoice.

Read a September 2012 report [PDF 116 KB] prepared by the KPMG member firm in Ukraine: Recent amendments to the tax code of Ukraine



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