The Ukrainian Ministry of Finance has announced that it is to introduce a tax on interest received from bank deposits above UAH 100,000. This tax is expected to apply to only 1.5 percent of bank deposits in Ukraine but these deposits account for around 70 percent of all savings. No tax rate has yet been announced but the Ministry has pointed out that tax rates on similar income in other countries can range from 15 percent to as high as 52 percent in some cases.
«
UK – VAT registration threshold will rise
United Kingdom – Belgium sign Protocol
»
Related Posts
Ukraine: Parliament approves 2025 draft budget law
Ukraine’s Verkhovna Rada (parliament) has formally adopted the draft budget law for 2025 on 19 November 2024. The draft law requires the President's signature before it can be enacted. Earlier, Ukraine’s government approved the draft
Read MoreAngola, Ukraine discuss potential tax treaty
Minister of Foreign Affairs of Ukraine Andrii Sybiha was received in Luanda by President of the Republic of Angola João Lourenço, to further the dialogue between the Angolan leader and President of Ukraine Volodymyr Zelenskyy on 25 October
Read MoreAustralia and Ukraine negotiating income tax treaty
The delegations from Australia and Ukraine convened for the inaugural round of negotiations on an income tax treaty from 8 October to 11 October 2024. The agreement will eliminate double taxation concerning taxes on income, capital, fringe
Read MoreUkraine and Oman discuss bilateral relations and income tax treaty
Ukraine's Ministry of Foreign Affairs has reported that officials from Oman and Ukraine met on 23 October 2024 to discuss bilateral relations, including finalising an income tax treaty. During his visit to the Sultanate of Oman, Minister of
Read MoreUkraine clarifies corporate tax rules for German entities under transfer pricing provisions
The Ministry of Finance of Ukraine has issued a clarification concerning the corporate taxes of the Federal Republic of Germany and their relevance to Ukrainian tax law, particularly in the context of transfer pricing regulations on 30 September
Read MoreUkraine: Multilateral Agreements for Exchange of CbC Reports, Financial Account Information Under CRS enters into force
The multilateral component authority agreements for the exchange of Country-by-Country Reports (CbC MCAA) and for the exchange of financial account information under the Common Reporting Standard (CRS MCAA) has entered into force in Ukraine. The
Read More