On 14 November 2019, the Ukrainian Parliament has adopted Draft Law on the State Budget of Ukraine for 2020. There is no increase in the general rate of corporate or individual tax. Expenditures are estimated at UAH 1.18 trillion, including general fund expenditures of UAH 1.052 trillion and special fund expenditures of UAH 127.9 billion. The minimum wage in the state budget for 2020 is set at UAH 4,723.
Related Posts

Ukraine expands tax deductions for charitable contributions
Ukraine has increased the corporate tax deduction limit for charitable donations from 4% to 8% of a company’s taxable profit from the previous year. The change took effect on 16 March 2025 under Law No. 12328-d and will remain in place until
Read More
Germany updates CbC Report exchange list, adds four new jurisdictions
The German Official Gazette (Bundesgesetzblatt) No. 64 published the Seventh Regulation Amending the Country-by-Country (CbC) Report Extension Regulation on 11 March 2025. This update revises the list of jurisdictions participating in the
Read More
Ukraine: Central Bank raises key policy rate
The Board of the National Bank of Ukraine (NBU) has decided to raise the key policy rate from 14.5% to 15.5% per annum and to adjust the operational framework parameters of its interest rate policy. The key policy rate is applied to calculate
Read More
Ukraine raises interest rate, increasing late payment penalties
The National Bank of Ukraine has announced it will raise the key policy rate from 14.5% to 15.5% per annum, effective 7 March 2025. For tax purposes, this impacts the late payment penalty interest, which is 120% of the National Bank rate. This
Read More
Japan: Cabinet approves new tax treaty with Ukraine
The Japanese Cabinet has given its approval to a new income tax treaty with Ukraine on 25 February 2025. The agreement, announced by Japan’s Ministry of Finance, replaces the 1986 treaty between Japan and the former Soviet Union. The new
Read More
Ukraine: Parliament passes amendments to MLI ratification law
Ukraine’sparliament (Verkhovna Rada) approved Law No. 0293 on 27 February 2025. This law amends Article 1 of the ratification law for the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent BEPS (MLI). Other key
Read More