Ukraine

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General information
Opening hours and days: Offices open at 9 AM.
Weekly closing days are Saturday and Sunday.

New Year	January 1st
Christmas	January 7th
Day of International Solidarity of Workers	May 1st
Day of International Solidarity of Workers.	May 2nd
Victory Day.	May 5th.
Holy Trinity.	June 7th.
Constitution Day	June 28th.
Independence Day.	August 24th.

Holiday compensation: If the public holiday falls on a Saturday or Sunday, Ukrainian legislation provides for a holiday on the Monday.

Tax year: The fiscal year begins on 1 January and ends on 31 December of the same year.
Accounting regulation bodies
Accounting reports: The Ukrainian accounting rules are very complex in terms of taxes.
Accounting, in Ukraine, mixes tax system and financial accounting.
The accounting system becomes more and more complex because there is an excess of taxation in Ukraine.
Professional accountancy bodies: Ukrainian Federation of Professional Accountants and Auditors (UFPAA)
Ukrainian Association of Certified Accountants and Auditors (UACAA)
Certification and auditing: The external control of accounts must be given to a body of auditors chosen by the company.
There is also the Ukrainian Association of Chartered Accountants and Auditors and the Ministry of Finance's Audit Chamber (website in Ukrainian).
Accounting news: Accounting news (website in Russian)

Nature of the tax: Podatok Na dodanu Vartist (PDV).
Tax rate: 20%
Reduced tax rate: There is a zero rate applying to exports and international transportation services, books and notebooks for students, goods for disabled people, authorized medicines and medical instruments, as well as other goods that the government declares to be essential.
Other consumption taxes: Excise tax on alcohol, tobacco products, petrol and some other fuels, jewelry and luxury articles.

Company tax: 25%
Capital gains taxation: Capital gains are treated as ordinary income and taxed at the standard corporate tax rate of 25%.
Main allowable deductions and tax credit: Most expenses incurred relative to the activities of the company are deductible for tax purposes. However, some expenses such as contract penalties are not deductible.
Other corporate taxes: - Tax on pollution (variable rate)
- Tax on royalties, and rents relative to natural resources (variable rate)
- Property tax (variable rate)

Personal income tax

Flat rate of 15%

Allowable deductions and tax credit: There are deductions for donations to Ukrainian charities, for professionals of secondary and higher education and their families. Also for insurance premiums - long term voluntary life assurance, and self-funded retirement schemes.
Special expatriate tax regime: Expats are subject to the same rate of taxation (15%) as Ukrainians, on their income from Ukrainian sources.

Countries with whom a double taxation treaty have been signed: See the list of treaties signed by Ukraine
Whithholding taxes: Dividends: 15%, Interest: 15%, Royalties: 15%

Tax Authorities: State tax administration of Ukraine
Ukraine Customs
Other domestic resources: PriceWaterhouseCoopers report on taxation in Ukraine

National organizations: Since 1993, Ukraine has promulgated 5 laws relating to intellectual property rights in order to protect inventions, industrial designs, trademarks, industrial equipment and author's copyright against any fraud. Software and video recordings can obtain exclusive rights in conformity with articles 18 and 19 of the law protecting intellectual property rights in Ukraine. There is not yet any law against transgressions or counterfeiting on trademarks. According to the Ukrainian Patent Office, there are no statistics relating to the piracy of books, video recordings or computer software, although duplicate copies of videos, cassettes or CDs are largely and easily available in the stores and in the streets of big urban conglomerations.
Ukraine is legally committed to protecting intellectual property, but the enforcement of this protection is inadequate. Ukraine is a member of the World Intellectual Property Organization. The country is also a member of the Paris Convention (industrial property) and the Universal Convention for authors' copyright. In 1995, Ukraine adhered to the Berne Convention. Ukraine is also a member of the International Convention for authors' copyright, and of the Madrid Agreement (registration of trademarks) and the Patent Co-operation Treaty.

Type of property and law	Validity	International agreements signed
Patent Law No. 3687-XII of December 15, 1993 on the Protection of Rights to Inventions and Utility Models
Trademark Law n° 3689-XII of 15 December 1993 on the protection of trademark rights for goods and services		Trademark law treaty Nice agreement Protocol relating to the Madrid Agreement
Copyright http://www.uacrr.kiev.ua/	Ukrainian copyright agency
Industrial Models http://www.ukrpatent.org/en/index.html	Ukrainian industrial property institute

Independence of justice: The judiciary is not totally independent in Ukraine. Judges are often penalized for independent decision making, and there is significant evidence of routine interference in judicial decisions by the government.
Equal treatment of nationals and foreigners: Foreign nationals cannot expect an impartial trial from the country's judicial system.
The language of justice: The judicial language used in the country is Ukrainian.
Recourse to an interpreter: Having an interpreter is possible.
Sources of the law and legal similarities: The main source of the law is the constitution of 1996. The country's legal system is based on a civil law system and judicial reviews of various legislative acts.
Checking national laws online: Ukrainian legislation

National standards organizations: National standards agency
Integration in the international standards network: In 1996, the ISO 9000 standards were adopted as national standards.
The Ukrainian government's decree of 1994 imposed a compulsory certification for all products imported into Ukraine. This decree lays down the list of goods subject to certification and adjusts the certification procedures. The certificates can be produced in two ways: on the one hand, there is an acceptance certificate allowing foreign certification, while, on the other hand there is a certificate of conformity published by a certified Ukrainian agency. This decree says that certificates produced by foreign and competent authorities must be issued by a foreign country which adheres to the same Treaties as Ukraine.
The competent Ukrainian mechanism for certification called the Ukrainian State Committee on Standards, Certification and Metrology - Ukr Standard, in Ukraine, has a network of 93 certification subsidiaries and laboratories over the entire country.
Classification of standards: Classification of Ukrainian standards
Certification organizations: "UKRSEPRO" system
Certification services
National Center for standardization, certification and problems of quality

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