On 19 December 2013, the Verkhovna Rada of Ukraine passed Law No. 3757 that introduce tax rates and tax accounting rules for 2014.
- The corporate income tax rate is reduced to 18% (from 19%) with further decreases to 17% (beginning 1 January 2015) and to 16% (beginning 1 January 2016).
- The scheduled value added tax (VAT) rate reduction to 17% (from 20%) is postponed to 1 January 2015.
Capital losses realized on the sales of securities and available as of 1 January 2014 cannot be used to offset capital gains realized on the sales of securities in 2014.
