U-Tax Blog

Unfortunately, the situation with signing the Bill № 1210 by the President of Ukraine, which significantly “redraws” the Tax Code of Ukraine, is still unclear.

At the same time, given that the chances of its signing by the President are, in my opinion, are fairly high, I decided to publish a series of concise publications outlining the key changes that await all of us in Ukraine, if the Bill becomes an Act.

Publication № 1: corporate income tax (internal taxation):

- The threshold of annual revenue for those taxpayers who may not take into account tax differences and file tax returns once a year increases from UAH 20 to 40 million (paragraph 134.1.1 and paragraph 137.5 of the Tax Code);

- The value of assets that count as fixed assets and are subject to depreciation increases from UAH 6,000 to UAH 20,000 (paragraph 14.1.138 of the Tax Code).