Taxation in Eastern Europe/Ukraine Table

Tax on Profit Rates
Type of Activity	Rate (%)
Standard rate (most activities)	30
Activities of agricultural enterprises that provide agricultural production services	15
Intermediary and auction activities	45
Gambling activities and audience performances	60

Personal Income Tax Rates
Monthly Level of Taxable Income(URK)	Rate Applicable to Level (URK)
Up to 1,400,000	Exempt
1,400,001- 7,000,000	10% on excess over 1,400,000
7,000,001-14,000,000	560,000 + 20% on excess over 7,000,000
14,000,001-21,000,000	1,960,000 + 30% on excess over 14,000,000
21,000,001-35,000,000	4,060,000 + 40% on excess over 21,000,000
Over 35,000,000	9,660,000 + 50% on excess over 35,000,000

Withholding Tax Rates for Treaty Countries
Country of Recipient	Dividends (%)	Interest (%)	Royalties (%)
Austria	-	-	-
Belarusa	15	10	15
Belgium	15	15	-
Canada	15	15	10
COMECON countries	-	-	-
Cyprus	-	-	-
Denmark	15	-	-
Finland	-	-	-
France	15	-	-
Germany	15	5	-
India	15	15	15
Italy	15	-	-
Japan	15	10	10
Malaysia	15	15	10
Netherlands	15	-	-
Norway	15	-	-
Polanda	-	-	-
Spain	15	-	5
Sweden	15	-	-
Switzerland	15	15	15
United Kingdom	5 or 10b	-	-
United States	15	-	-
a. The treaty is not yet in effect but has been signed and ratified by Ukraine.
b. According to the convention between the United Kingdom and Ukraine, dividends are taxable as follows:
- Five percent of the gross amount of the dividends is taxed if the beneficial owner is a company that controls, directly or indirectly, the company paying the dividends; in the case of Ukraine, such control is signified by ownership of at least 20% of the authorized capital in the company paying the dividends.
- Ten percent of the gross amount of the dividends is taxed in all other cases.

Breakdown of Payroll Taxes
Type of Fund	Rate (%)
Social security	4.44
State pension	32.56
State fund for the Chernobyl disaster	12.00
State employment fund	3.00
Total	52.00