Quick Summary. Ukraine imposes an income tax on worldwide profits earned by Ukrainian entities. Non-resident entities are subject to Ukrainian income tax on Ukrainian-sourced income. Resident individuals are subject to tax upon their worldwide income. Non-resident individuals are subject to tax on their Ukrainian-sourced income.
The Ukrainian Parliament (the Verkhovna Rada of Ukraine) has enacted tax legislation providing for a number of significant changes in 2020, including transfer pricing; tax depreciation; withholding taxes; permanent establishments and 0ther taxes. In addition, beginning in 2021, legislation implements changes with respect to controlled foreign companies and thin capitalization rules.
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