Tax
An 18% income tax with a wartime military levy
Personal and corporate income tax are both 18%, with a 5% military levy on individuals from December 2024 and 20% standard VAT. Small business may elect the simplified single-tax regime, which was temporarily set at 2% of turnover during 2022 and 2023.
Key rules
- Personal and corporate income tax stand at 18%.
- A military levy applies to individual income, raised to 5% for most taxpayers in 2024.
- Standard VAT is 20%, with 14% and 7% for defined supplies.
- The single tax offers turnover-based groups for individual entrepreneurs and small companies.
Governing law
- Tax Code of Ukraine (2010)
- Law on amendments to ensure balanced budget revenues (2024)The 5% military levy.
- Law on the single social contribution (2010)
In practice
The electronic taxpayer cabinet handles filings and the single tax quarterly returns, but entrepreneurs who left the country still owe the minimum single social contribution unless they formally suspend registration.