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Ukraine Delays Implementation of Military Tax Contributions for Individual Entrepreneurs and Legal Entities of Group III of the Simplified Tax Regime

07 January 2025

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Approved Changes

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Ukraine

As previously reported, Ukraine published the Law on Amendments to the Tax Code of Ukraine and Other Laws of Ukraine to Ensure the Balance of Budget Revenues during Martial Law (Law 4015-IX) in the Official Gazette on 28 November 2024, which provided for an increase in military taxes and taxes on banks and financial institution. Among other things, this included the introduction of military tax contributions for individual entrepreneurs and legal entities of Group III of the simplified tax regime at a rate of 1% on income, and for individual entrepreneurs of Group I, II and IV at a rate...