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9 Şubat 2017


 Şubat 9, 2017

Tax holidays

In 2017, standard income tax in the amount of 18% remained unchanged. The main change regarding income tax is the establishment of tax holidays until 31 December 2021. The tax holidays stipulate zero rate of income tax. These conditions are applied to businesses with a turnover of not more than UAH 3,000,000 per year employing workers with wages not less than two minimum wages.

The tax holidays can be applied to both new businesses, registered after 1 January 2017, and existing businesses with the average number of employees during the past three consecutive years ranging from 5 to 20 persons. However, if at least one of these criteria is not met, the company will pay income tax at the basic rate.


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