Taxes in Ukraine
Ukraine is a very colorful and original country with a multinational population of 42 people. The capital, Kyiv, is a large, developed city in which public and private companies and the business sector are concentrated.
Ukraine occupies a fairly large territory in Eastern and Central Europe. The most developed industries in the state are metallurgy, energy, chemicals and mining.
Recently, the services and tourism sector has been actively developing and attracting more and more investors. Every year the country attracts an increasing number of businessmen and global companies who want to develop small and medium-sized businesses in Ukraine.
The Ukrainian taxation system includes two large groups of fees:
- state - fees that go directly to the state treasury;
- local.
- Income tax.
Paid by all business entities that carry out commercial activities in the country and make a profit. The tax rate is 18%.
- VAT.
Value added tax is levied on persons who supply goods, services, as well as importers, at a general rate of 20%. Some medical products are subject to a preferential VAT rate.
- Excise tax.
The following types of products are subject to excise taxes in Ukraine:
- alcohol;
- tobacco;
- fuel;
- cars;
- electricity.
Excise rates vary and depend on the type of product.
- Single tax.
The single tax rate depends on which of the 4 groups the entrepreneur belongs to:
- a rate of 10% of the cost of living for those entrepreneurs who conduct retail trade, do not have employees, and the amount of income for the year does not exceed 1 million hryvnia;
- the rate is 20% of the minimum wage for businessmen with an annual income of up to 5 million hryvnia, with a number of employees of up to 10 people. Refers to those who provide household and other types of services to the population;
- the rate is 3% and 5% of income for those who pay VAT and have an income of up to 7 million hryvnia per year.
Taxation in Ukraine
Taxes in Ukraine cannot be called the lowest, but the system is quite simple and understandable, which also attracts potential businessmen to this state. The main tax law is the Tax Code, which regulates any issues related to taxation, including the list of mandatory fees, the size of their rates and the procedure for payment.
If you want to register a company in Ukraine and develop your commercial area, then the E-COMMERCE BROKER Company will help you at all stages.
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The Ukrainian government is constantly improving the business sector and doing everything possible to attract more potential businessmen. For anyone, both a beginner and an existing businessman, it is important to understand the financial processes on which the success and efficiency of work depends.
If you have made a decision open a business in Ukraine, but have not fully understood the peculiarities of the taxation system and other financial aspects, then the team of professionals of the E-COMMERCE BROKER Company will provide you with comprehensive support.
With us, you will be able to develop your chosen commercial area most effectively and receive a stable income.
