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Businesses will be able to increase the volume of charitable assistance

18/ 03/ 2025
  The European Business Association welcomes the President’s signing of Draft Law No. 12328-d, which will encourage companies to increase their charitable contributions. For the duration of martial law, the legislation proposes doubling the amount of tax-exempt charitable donations—from 4% to 8%. Additionally, tax exemptions will now apply not only to monetary donations but also to in-kind contributions. Such aid must be directed towards charitable organisations and individuals affected by the armed aggression of the russian federation. According to the ЕВА’s Business Forecasts for 2025 survey, 59% of respondents planned to implement social initiatives, with businesses, on average, intending to allocate 6% of their revenue to such projects. The ЕВА had previously expressed its support for this legislation and extends its gratitude to the Verkhovna Rada for passing the law and to the President for signing it into effect.

The European Business Association welcomes the President’s signing of Draft Law No. 12328-d, which will encourage companies to increase their charitable contributions.

For the duration of martial law, the legislation proposes doubling the amount of tax-exempt charitable donations—from 4% to 8%. Additionally, tax exemptions will now apply not only to monetary donations but also to in-kind contributions. Such aid must be directed towards charitable organisations and individuals affected by the armed aggression of the russian federation.

According to the ЕВА’s Business Forecasts for 2025 survey, 59% of respondents planned to implement social initiatives, with businesses, on average, intending to allocate 6% of their revenue to such projects.

The ЕВА had previously expressed its support for this legislation and extends its gratitude to the Verkhovna Rada for passing the law and to the President for signing it into effect.

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