Ukraine has reduced corporate income tax and VAT rates from 1 January 2014. The reduced rates are:
For corporate income tax:
18% from 1 January 2014 to 31 December 2014;
17% from 1 January 2015 to 31 December 2015;
16% from 1 January 2016.
VAT rates:
20% until 31 December 2014;
17% from 1 January 2015.
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