{"id":611678,"date":"2025-01-04T17:08:03","date_gmt":"2025-01-04T15:08:03","guid":{"rendered":"https:\/\/eba.com.ua\/?p=611678"},"modified":"2025-01-07T17:15:40","modified_gmt":"2025-01-07T15:15:40","slug":"ukraine-enacts-tax-code-amendments-amid-martial-law","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/ukraine-enacts-tax-code-amendments-amid-martial-law\/","title":{"rendered":"Ukraine enacts tax code amendments amid martial law"},"content":{"rendered":"<p style=\"font-weight: 400;\">On 28 November 2024, President Volodymyr Zelensky signed into law significant amendments to the Tax Code of Ukraine and other related laws with the aim of ensuring a balanced budget during the period of martial law. The law, passed by the Ukrainian parliament on 10 October 2024, came into effect on 1 December.<\/p>\n<p style=\"font-weight: 400;\">The key changes introduced by the law include:<\/p>\n<ul>\n<li><strong>Military tax:<\/strong> For the duration of martial law, the military levy rate has been temporarily increased to 5% for a wide range of taxpayers, specifically employees and gig-contractors. For sole proprietors under the simplified tax system (3rd group), the military levy is introduced at 1% of gross income. The military levy for military personnel remains at 1.5%.<\/li>\n<li><strong>Corporate income tax:<\/strong> The corporate income tax rate for non-banking financial institutions (excluding insurers) has been raised to 25% while banks will face a temporary increase to 50% for the year 2024.<\/li>\n<li><strong>Advance payments:<\/strong> Monthly advance payments have been introduced for corporate income tax and personal income tax for those engaged in retail fuel sales.<\/li>\n<li><strong>Tax administration:<\/strong> The law mandates monthly (instead of quarterly) reporting for personal income tax, military tax, and unified social tax.<\/li>\n<li><strong>Tax relief for refugees:<\/strong> Ukrainians who fled the country due to the russian invasion and are receiving state support in other countries will be exempt from personal income tax and military levy in Ukraine for the financial assistance they receive from foreign governments.<\/li>\n<li><strong>Resource rent:<\/strong> Changes have been made to the calculation mechanism for the value of extracted minerals for rent payment purposes, along with specific rent rates for certain minerals, including gas.<\/li>\n<li><strong>Minimum tax liability for land:<\/strong> The minimum tax liability for land will be increased to UAH 700 (EUR 16) and UAH 1,400 (EUR 32) per hectare. The latter rate applies to land with at least 50% of arable lands.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">These changes reflect Ukraine\u2019s ongoing efforts to adapt its fiscal policies to the challenges posed by the current economic situation, russia\u2019s ongoing military aggression against Ukraine and geopolitical uncertainties.<\/p>\n<p style=\"font-weight: 400;\">Source: Law on Amendments to the Tax Code of Ukraine on Peculiarities of Taxation during the Period of Martial Law, No. 4015-IX dated 10.10.2024\u00a0\u00a0\u00a0 .<\/p>\n<p style=\"font-weight: 400;\">For more information on these amendments and tax law in Ukraine, contact your CMS client partner or these CMS experts:<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-611679 size-full\" src=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2025\/01\/CMS_5_07012025.png\" alt=\"\" width=\"985\" height=\"239\" srcset=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2025\/01\/CMS_5_07012025.png 985w, https:\/\/eba.com.ua\/wp-content\/uploads\/2025\/01\/CMS_5_07012025-300x73.png 300w, https:\/\/eba.com.ua\/wp-content\/uploads\/2025\/01\/CMS_5_07012025-768x186.png 768w, https:\/\/eba.com.ua\/wp-content\/uploads\/2025\/01\/CMS_5_07012025-650x158.png 650w, https:\/\/eba.com.ua\/wp-content\/uploads\/2025\/01\/CMS_5_07012025-800x194.png 800w\" sizes=\"(max-width: 985px) 100vw, 985px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 28 November 2024, President Volodymyr Zelensky signed into law significant amendments to the Tax Code of Ukraine and other related laws with the aim of ensuring a balanced budget during the period of martial law. The law, passed by the Ukrainian parliament on 10 October 2024, came into effect on 1 December. The key [&hellip;]<\/p>\n","protected":false},"author":4489,"featured_media":611681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ukraine enacts tax code amendments amid martial law - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine enacts tax code amendments amid martial law - European Business Association\" \/>\n<meta property=\"og:description\" content=\"On 28 November 2024, President Volodymyr Zelensky signed into law significant amendments to the Tax Code of Ukraine and other related laws with the aim of ensuring a balanced budget during the period of martial law. The law, passed by the Ukrainian parliament on 10 October 2024, came into effect on 1 December. The key [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/\" \/>\n<meta property=\"og:site_name\" content=\"European Business Association\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-04T15:08:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-07T15:15:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2025\/01\/CMS_6_07012025.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Katia Chaikovska\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katia Chaikovska\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/\",\"url\":\"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/\",\"name\":\"Ukraine enacts tax code amendments amid martial law - European Business Association\",\"isPartOf\":{\"@id\":\"https:\/\/eba.com.ua\/#website\"},\"datePublished\":\"2025-01-04T15:08:03+00:00\",\"dateModified\":\"2025-01-07T15:15:40+00:00\",\"author\":{\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52\"},\"breadcrumb\":{\"@id\":\"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/eba.com.ua\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ukraine enacts tax code amendments amid martial law\",\"item\":{\"@type\":\"WebPage\",\"name\":\"Ukraine enacts tax code amendments amid martial law\"}}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/eba.com.ua\/#website\",\"url\":\"https:\/\/eba.com.ua\/\",\"name\":\"European Business Association\",\"description\":\"We are looking for proactive business leaders, who shape the investment climate of Ukraine and ready to supervise the work of the largest and the most influential business-community of Ukraine \u2013 European Business Association!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/eba.com.ua\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52\",\"name\":\"Katia Chaikovska\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g\",\"caption\":\"Katia Chaikovska\"},\"url\":\"https:\/\/eba.com.ua\/en\/author\/katia-chaikovska-eba-com-ua\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ukraine enacts tax code amendments amid martial law - European Business Association","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/","og_locale":"en_US","og_type":"article","og_title":"Ukraine enacts tax code amendments amid martial law - European Business Association","og_description":"On 28 November 2024, President Volodymyr Zelensky signed into law significant amendments to the Tax Code of Ukraine and other related laws with the aim of ensuring a balanced budget during the period of martial law. The law, passed by the Ukrainian parliament on 10 October 2024, came into effect on 1 December. The key [&hellip;]","og_url":"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/","og_site_name":"European Business Association","article_published_time":"2025-01-04T15:08:03+00:00","article_modified_time":"2025-01-07T15:15:40+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/eba.com.ua\/wp-content\/uploads\/2025\/01\/CMS_6_07012025.jpg","type":"image\/jpeg"}],"author":"Katia Chaikovska","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Katia Chaikovska","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/","url":"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/","name":"Ukraine enacts tax code amendments amid martial law - European Business Association","isPartOf":{"@id":"https:\/\/eba.com.ua\/#website"},"datePublished":"2025-01-04T15:08:03+00:00","dateModified":"2025-01-07T15:15:40+00:00","author":{"@id":"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52"},"breadcrumb":{"@id":"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/eba.com.ua\/ukraine-enacts-tax-code-amendments-amid-martial-law\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/eba.com.ua\/"},{"@type":"ListItem","position":2,"name":"Ukraine enacts tax code amendments amid martial law","item":{"@type":"WebPage","name":"Ukraine enacts tax code amendments amid martial law"}}]},{"@type":"WebSite","@id":"https:\/\/eba.com.ua\/#website","url":"https:\/\/eba.com.ua\/","name":"European Business Association","description":"We are looking for proactive business leaders, who shape the investment climate of Ukraine and ready to supervise the work of the largest and the most influential business-community of Ukraine \u2013 European Business Association!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/eba.com.ua\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52","name":"Katia Chaikovska","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eba.com.ua\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g","caption":"Katia Chaikovska"},"url":"https:\/\/eba.com.ua\/en\/author\/katia-chaikovska-eba-com-ua\/"}]}},"_links":{"self":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/611678"}],"collection":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/users\/4489"}],"replies":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/comments?post=611678"}],"version-history":[{"count":1,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/611678\/revisions"}],"predecessor-version":[{"id":611680,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/611678\/revisions\/611680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/media\/611681"}],"wp:attachment":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/media?parent=611678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/categories?post=611678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/tags?post=611678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}