Taxation in Ukraine
New Tax guide
The adoption of the Tax Code that, for the first time since the independence, brings together the Ukrainian tax legislation in its entirety, was last year’s major event.
The fact that the document has been adopted during stabilization of the economy raises hopes. The Code arranges both the rates and benefits, as well as the entire taxation process.
At the same time, adoption of the Code will hopefully help resolve one of the main problems the companies operating in Ukraine encounter, specifically, the issue of timely VAT recovery. Time will tell how the document actually works in practice. Although the Tax Code is effective for a little over two months, the state authorities are considering changes to it. The Guide is based on the current version of the Tax Code, so we'll be updating it accordingly, if adopted. Please watch for updates!