World Tax - Home
The comprehensive guide to the world's leading tax firms

Ukraine

Market overview Print-friendly version

Tax authorities

State Tax Administration
Lvivska Sq. 8. Kyiv 04655
Tel: +380 44 272 5159
Fax: +380 44 272 0841
Website: www.sta.gov.ua

Tax rates at a glance

(As of June 15 2009) 

Corporate income tax rate 25%
Capital gains tax rate 25% (a)
Branch tax rate 25%

Withholding tax
Dividends 15%(b)
Interest 15%(b)
Royalties from patents and licences 15%(b)
Branch remittance tax (c)

Net operating losses (years)
Carryback Not allowed
Carryforward Indefinitely

(a)There is no separate tax on capital gain. Gains are treated as ordinary taxable income.
(b) May be reduced under an applicable double tax treaty.
(c)The corporate income tax law does not explicitly provide for a branch remittance tax. There is an uncertainty regarding application of standard 15% withholding tax on remittance or branch profits. Professional advice should be sought in each specific case.

Source: Professionals from Magisters, the Ukrainian member of the Taxand global network of leading independent tax firms

Tax

The Ukrainian tax system is evolving rapidly and tax laws are revised frequently, sometimes several times in a month. Tax law is often poorly worded, which results in ambiguous interpretation and increases the risk of disagreements between the taxpayers ... [more]

Ernst & Young's tax practice is led by the highly regarded Vladimir Kotenko, who specialises in capital markets, financial products and cross-border structuring. The firm has three tax partners and 50 fee earners. Jorge Intriago is known for his work ... [more]

Oleh Marchenko and Vladimir Didenko lead the tax practice at Magisters-Taxand. Marchenko is known for his work on M&A and cross-border structuring. Didenko is an indirect tax specialist. The firm's clients include INN International Trading & Sharing, ... [more]

Ron Barden leads the tax practice at PricewaterhouseCoopers. He is recognised for his work on cross-border structuring, M&A and inward investment. He is an acknowledged expert in financial services and the telecommunications industry. One commentator ... [more]

Baker & McKenzie's tax practice is led by Hennadiy Voytsitskyi. A competitor said the firm "provides good quality tax advice". The tax team is made up of lawyers, accountants and economists and is supported by the Baker & McKenzie global network. The ... [more]

Deloitte's tax practice is led by Grigory Pavlotsky and consists of 78 client professionals including five partners. Pavlotsky also heads the transfer pricing practice which is four strong. The highly regarded Karl Gessner left the firm for family reasons ... [more]

KM Partners is led by the highly regarded Alexander Minin an expert on tax controversy. The firm's other partner is the newly promoted Alexander Shemiatkin, who specialises in tax and customs legislation. He is also experienced in tax litigation with ... [more]

Konnov & Sozanovsky's tax practice is led by Yevgeniya Derbal. The firm provides services including litigation, income tax advice, tax planning and VAT. Derbal advised a leading construction and projecting holding on tax restructuring as well as on matters ... [more]

KPMG's tax practice consists of two partners and 40 fee earners. The practice is led by Rob Shantz and Sergey Popov, who both specialise in M&A. Due to the economic downturn, the firm has been involved in more restructuring and audit support as opposed ... [more]

Sayenko Kharenko is a transactional firm led by Michael Kharenko. The firm is involved in capital markets and structured finance. Kharenko provided tax opinion for BNP Paribas and UBS on the establishment of a $2 billion Medium Term Note (MTN) programme ... [more]

Denys Volkov has left Beiten Burkhardt and the tax practice is now led by Viktoriia Fomenko. The German firm's Ukraine office has an indirect taxes focus, including VAT and customs duties. However, the firm also advises on M&A and cross-border structuring. ... [more]

DLA Piper is highly regarded by commentators and the firm's market presence has grown significantly over the last 12 months. Svitlana Musienko heads the tax practice and advises on both domestic and international tax planning and investment structuring. ... [more]

Oleg Makarov is the managing partner of Vasil Kisil & Partners and focuses on litigation and administrative proceedings involving local tax and customs authorities. Denis Lysenko is another partner focusing on tax and he specialises in corporate tax ... [more]

See also

Ukraine
Central and Eastern Europe (Regional Rankings)

Law firm contact details