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Competitive Advantages of Human Capital:
Ukraine boasts a competitive advantage in human capital, having a highly skilled workforce, especially in the technology industry. These talents provide suitable prices and skills for Western start-ups.
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Favorable Government Policies:
Ukraine is ranked 64th globally in terms of ease of doing business, providing an environment conducive to business registration, obtaining permits, taxation, and team building.
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Suitable Time Zone Differences:
Ukraine has a two-hour time difference with the UK and a one-hour time difference with countries like Denmark and Poland, making it particularly suitable for serving the real-time needs of the European market.
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Low-Cost Skilled Labor:
Ukraine's IT industry has over 200,000 IT professionals whose salaries are significantly lower than those in other European countries. Ukraine's investment in education reaches 6% of GDP, providing qualified talent for businesses.
Tax Info
Enter Dynamic Page- General CIT Rate
- 18%
- CIT Return Due Date
- The quarterly tax return should be due within 40 calendar days after the last day of the reporting quarter, but the deadline for submitting the fourth quarter CIT return (based on the quarterly reporting period) is 60 calendar days after the end of the reporting year. The annual tax return (based on the annual reporting period) should be due within 60 calendar days after the last day of the reporting year.
- CIT Payment Due Date
- According to the assessment based on the tax return, the payable taxes should be paid within ten calendar days after the deadline for submitting the relevant tax return.
- CIT Estimated Payment Due Date
- N/A
- Resident Withholding Tax (Dividend/Interest/Royalty)
- N/A
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 15/15/15
- General VAT Rate
- 20
- General Capital Gain Tax Rate
- Capital gains are subject to the standard corporate income tax rate of 18%.
Administrative Regions
- 05 - Vinnytsia Oblast
- 07 - Volyn Oblast
- 09 - Luhansk Oblast
- 12 - Dnipropetrovsk Oblast
- 14 - Donetsk Oblast
- 18 - Zhytomyr Oblast
- 21 - Zakarpattia Oblast
- 23 - Zaporizhzhya Oblast
- 26 - Ivano-Frankivsk Oblast
- 30 - Kiev
- 32 - Kyiv Oblast
- 35 - Kirovohrad Oblast
- 43 - Autonomous Republic of Crimea
- 46 - Lviv Oblast
- 48 - Mykolaiv Oblast
- 51 - Odessa Oblast
- 56 - Rivne Oblast
- 59 - Sumy Oblast
- 61 - Ternopil Oblast
- 63 - Kharkiv Oblast
- 65 - Kherson Oblast
- 68 - Khmelnytsky Oblast
- 71 - Cherkasy Oblast
- 74 - Chernihiv Oblast
- 77 - Chernivtsi Oblast
Belonging Jurisdiction
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UA - Ukraine
UkraineLearn MoreUkraine -
WORLD - Global
EarthLearn MoreEarth
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