Taxpayer's Day of Ukraine

The organization responsible for tax policy in Ukraine is the State Fiscal Service, operating under the Ministry of Finance of Ukraine.

The tax legislation of Ukraine is rather complex and consists of various legislative acts. According to the Tax Code of Ukraine, the relevant Ukrainian tax legislation consists of: the Constitution of Ukraine; the Tax Code of Ukraine; the relevant laws regulating customs duties; interna- tional agreements that are in force, consent to the binding nature of which was given by the Verkhovna Rada of Ukraine, and which govern questions of taxation; the other legal acts adopted on the basis of the Tax Code or on the basis of the laws on the customs service; and the decisions adopted by the local authorities on local taxes and fees. For example, the tax rate for employment income is 18%. In some cases the tax rate depends on the status of the taxpayer.

A taxpayer under the simplified tax regime that distributes passive income to a non-resident or its designated entity (except to the non-resident’s PE in Ukraine) is obligated to withhold WHT at the moment of such payments.