AMENDMENTS TO THE TAX LEGISLATION OF UKRAINE

Late in 2014, the Parliament of Ukraine passed a number of laws radically amending the tax legislation of Ukraine, particularly, the Tax Code of Ukraine. Most of the amendments came into effect on January 1, 2015. In this newsletter, we will cover the main changes, in particular, regarding:

·         Corporate tax

·         Value added tax

·         Personal income tax

·         Single social contribution

·         Transfer pricing

·         Simplified taxation system

·         Real estate tax

·         Military tax

·         Additional import duty

·         Pension duty on foreign currency purchasing.

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