Business Taxation — Ukraine

Standard corporate income tax rate for all Ukrainian entities and foreign permanent establishments. Applies to worldwide income of residents. Flat rate - simple to calculate. Banks prohibited from using carried-forward losses in 2026.

Significantly increased rate of 50% applies to banks only. Temporary wartime measure to increase budget revenues. Banks cannot offset prior year losses. Substantial burden on banking sector.

Financial service providers (except insurance companies) pay 25% CIT. Higher than standard rate but lower than banks. Intermediate taxation tier for financial sector.

Insurance companies: 0-3% special tax on income (lowers taxable profit). Gambling: 10% special CIT rate, plus standard 18% CIT on remaining profit (gambling income doesn't reduce taxable profit).

Individual entrepreneurs providing services or selling goods at markets. No employees allowed. Annual revenue limit. Fixed monthly payment replaces both income tax and VAT. Extremely low rate. Military tax: 10% of minimum wage (UAH 864.70/month).

Individual entrepreneurs providing services or production. Up to 10 employees allowed. Revenue limit applies. Fixed monthly payment. No VAT collection. Military tax: 10% of minimum wage (UAH 864.70/month).

Any individual entrepreneur or legal entity. 3% rate without VAT registration, 5% rate with VAT registration. Revenue limit approximately €1 million annually. Simple percentage of gross income. Military tax: 1% of gross income for FOPs.

Agricultural producers. Tax calculated based on land area used and land quality. Not based on income or revenue. Special regime supporting agricultural sector.

Standard VAT rate applies to most goods and services. Registration threshold approximately UAH 1.2 million (€20,000) annual revenue. Monthly or quarterly filing depending on size.

Applied to certain pharmaceutical products and medical goods. Mid-tier rate to reduce burden on essential healthcare items.

Applied to specific categories including certain medicines and medical equipment. Lowest VAT rate tier. Supports healthcare accessibility.

Exports of goods and certain international services at 0% rate with right to reclaim input VAT. Supports export-oriented businesses. Common international practice.