Updates on Changes in Ukrainian Tax Legislation

Ukrainian tax legislation is constantly evolving, introducing new rules and requirements for businesses. In 2024, the legal updates cover a number of critical areas: corporate income tax, VAT, tax invoice administration, and excise duties. The Ukrainian Law and Real Estate Association “AROU” is ready to help entrepreneurs understand the changes and adapt their business to the new realities.

Key Tax Law Changes

1. VAT and Electronic Administration

   • Registration deadlines: businesses must now register tax invoices within stricter timeframes to avoid penalties

   • Automatic checks: a new system for automated tax risk monitoring has been introduced. Tax invoice registration may be suspended if irregularities are detected

   • New refund procedures: the process for obtaining VAT refunds from the state budget has been streamlined

2. Corporate Income Tax

   • Changes to depreciation rules allow for accelerated amortization of certain assets

   • Businesses working with international partners must now meet new transfer pricing (TP) reporting requirements

3. Simplified Tax for Private Entrepreneurs

   • The income threshold for the simplified taxation system has been changed, affecting taxpayers in groups 2 and 3

   • New activity restrictions introduced for eligibility under the simplified system

4. Excise Tax

   • Increased excise rates for tobacco and alcohol products

   • New electronic labeling requirements for excisable goods

5. Digitalization of Tax Processes
   The State Tax Service continues expanding services available in the taxpayer’s electronic cabinet:

   • Online reporting submission

   • Automatic debt status checks

   • Tools for calculating tax burdens

How “AROU” Helps You Adapt

• Analysis of legislative updates. Our experts explain how each change will affect your business

• Tax optimization consulting. We help you adjust your processes to avoid penalties and reduce tax burden

• Audit support. We protect your interests during tax audits or disputes with regulatory authorities

• Report preparation. We ensure proper tax reporting in compliance with new regulations

Why Choose “AROU”

• Expertise. We monitor all legislative changes to deliver up-to-date advice

• Individual approach. Your business is unique, and we offer tailored solutions

• Responsiveness. We act quickly to help you meet new legal requirements and reduce risk

• Comprehensive support. From consultation to full tax documentation handling

The Ukrainian Law and Real Estate Association “AROU” will help you navigate tax changes, avoid penalties, and build an effective business strategy.