• Service: Tax, Global Indirect Tax, Global Mobility Services, International Tax
  • Type: Regulatory update
  • Date: 12/31/2013

Ukraine - Tax rates, tax accounting rules for 2014 

December 31: The Verkhovna Rada of Ukraine on 19 December 2013 passed Law No. 3757 that establishes tax rates and tax accounting rules for 2014.
  • The corporate income tax rate is decreased to 18% (from 19%) with further decreases to 17% (beginning 1 January 2015) and to 16% (beginning 1 January 2016).
  • The scheduled value added tax (VAT) rate reduction to 17% (from 20%) is postponed to 1 January 2015.

Other changes provide that capital losses realized on the sales of securities and available as of 1 January 2014 cannot be used in 2014 to offset capital gains realized on the sales of securities in 2014.

Read a December 2013 report [PDF 90 KB] prepared by the KPMG member firm in Ukraine: Tax News

This KPMG report also discusses the following topics:

  • Tax accounting on marketing and advertising services
  • Taxation of non-residents’ income
  • Income tax treaty between Ukraine and Ireland
  • Draft regulation on VAT registration
  • List of low-tax jurisdictions is approved

Read also a second December 2013 report [PDF 78 KB] prepared by the KPMG member firm in Ukraine that reports on the taxation and customs-related developments for medicines: Pharma Bulletin

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