author_orbitax
Orbitax

Share This Article

Ukraine Extending Voluntary Disclosure Tax Amnesty for Individuals

22 August 2022

|

Approved Changes

|

Ukraine

The Ukraine parliament approved Draft Law 7506-1 on 15 August 2022, which has been sent to the president for signature. Among other things, the law provides for an extension of the voluntary disclosure tax amnesty program for individuals. The program provides reduced tax (fee) rates for previously undeclared income/assets on which tax has not been paid in relation to any tax periods that took place before 1 January 2021. This includes rates of 5% and 9% in relation to previously undeclared income/assets held domestically and abroad, respectively, and a rate of 2.5% where undeclared amounts are invested in qualifying Ukraine...