If you would like to establish a business or live in Ukraine as an expat, you should have a general comprehension of the country's tax system. Ukraine is one of the EU countries with easy-to-understand tax regiments. This article will provide information that helps you to manage your taxes properly. Proper tax administration helps to minimize unnecessary penalties, which can weigh heavily on your finances.
The Ukrainian Withholding tax (WHT) is an income tax that is paid by the employer (the source), rather than the employee (the recipient), to the government. The term withholding tax is also known as pay-as-you-earn (PAYE) or pay-as-you-go. Every country has its percentage of retention tax.
Ukraine has signed numerous Double Taxation Treaties (DTT) with countries in Europe and all over the World. This promotes good business and contributes to the overall growth of the economy. This text will discuss some of the articles incorporated under the Ukrainian double taxation agreements.
What is a Double Taxation Treaty
Ukraine is one of the fastest-growing business centers in Europe. According to statistics, the country has registered a record high economic growth rate in the past few years. Behind this success are business-friendly corporate tax laws that govern the country. This article seeks to highlight some of the regulations on corporate income tax and the corporate tax administration of Ukraine.
Suffice To say, Ukraine is one of the most inexpensive places to register a company. This effectively attracts new businesses, both large corporations, and small enterprises.
If you're interested in registering a company in Ukraine, the costs will be revealed in the text, keep reading.
What's the general registration cost?
Apparently, not everyone is interested or can afford to operate a big business in Ukraine. If you're one of those, then Ukraine is the best location for you!
The government made it possible for individuals who want to engage in simple businesses to register as Private Entrepreneurs. You will find the registration process very easy compared to the LLC business type.
Who can register as a PE?