Ukraine » Taxes

Capital Gains Tax	VAT	Transfer Tax

Capital Gains Tax

The Corporate Tax Law does not contain any specific provisions governing the taxation of capital gains. As a result, capital gains are taxed at the basic rate of 30 percent. Capital gains are taxed at the moment securities are actually sold.

VAT

VAT is levied on the sale of goods and services on the territory of Ukraine, although exports, sales of certain essential goods and sales in foreign currency are not subject to VAT. Payers of VAT are Ukrainian legal Entities and individuals, as well as international associations and foreign legal entities and individuals, who carry out business activities on the territory of Ukraine, currently the rate of VAT is 20%.

Transfer Tax

A 5% state fee is generally levied in connection with the transfer of immovable property (e.g. buildings, apartments, dachas and garages). The state fee is decreased to a maximum of 1% in the event immovable property is transferred among immediate family members. Foreign legal entities and individuals may own immovable property in Ukraine, although they are currently prohibited from owning land.