Skip links

Ukraine VAT and other tax easements following Russian invasion

Tax and VAT simplifications for the duration or martial law

Ukraine has approved a range of tax simplifications following the Russian invasion and the implementation of martial law. This includes:

  • VAT exemption for businesses with an annual turnover of UAH 10 billion (approx €300m)
  • No requirement to obtain and hold invoices for VAT deducations
  • These businesses’ corporate income tax rate will be reduced from 18% to a unified turnover tax of 2%
  • VAT on fuel reduced to 7% from 20%.
  • Excise duties on fuel reduced to zero
  • VAT exemption on supplies to the army
  • Tax and VAT audits are suspended

Leave a comment