Taxation in Ukraine

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A group of experts wants to cut payroll taxes on employers, exempt reinvested corporate income from taxes and reduce the involvement of government officials in tax collection.

Ukraine is preparing to introduce a tax incentive scheme and to open access to state funding to co-productions in a bid to attract foreign cash to the country’s film sector.

Hard times coming for Ukraine’s domestic gas extraction. Verkhovna Rada, country’s parliament, raised the production tax for the gas companies up to 70 percent during the March 2 session, while previously the rate was 20 percent.

Cooperation between HM Revenue and Customs (HMRC) and foreign tax authorities will only increase as more countries sign up to automatic tax information exchange agreements.

Ukrainian Prime Minister Arseniy Yatsenyuk on Tuesday unveiled new measures in the country’s taxation system, envisaging luxury and real estate levies and lower social security tax.

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