Personal Income Tax Declaration in Ukraine

According to the Tax Code of Ukraine (TCU), Ukrainian residents are required to declare all their income, except for income that has already been taxed or is not subject to taxation. The annual personal income declaration campaign runs until May 1 for income from the previous calendar year.

Methods of Submission:

In person or through an authorized representative
By mail, with delivery confirmation and an inventory of enclosures, no later than five days before the deadline
Electronically, via the taxpayer’s electronic cabinet

Tax liabilities must be fully paid by August 1.

Starting from 2024, owners of Controlled Foreign Companies (CFCs) are required to submit an Income and Asset Declaration along with their CFC report.

Who must file an Income Declaration?

An individual is required to submit an Income and Asset Declaration if they:

Earned income abroad
Receive rental income
Inherited property from individuals who are not first- or second-degree relatives
Have investment income
Received funds from charitable activities or financial support
Had a loan partially or fully forgiven

Which Income and assets must be declared?

The following types of income and assets are subject to declaration:

Income that was not subject to personal income tax (PIT) withholding at the time of accrual
Income received from a non-tax agent, including rental income, income from property sales, proceeds from selling personal agricultural products to individuals
Inheritance or gifts received from individuals who are not close relatives
Income from the sale of investment assets
Foreign income
Additional benefits, such as forgiven (canceled) debts or loans, if the amount does not exceed 25% of the minimum annual salary at the beginning of the reporting year (currently UAH 21,300)

How to order the Income Declaration service?

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Prepare and provide all necessary documents and reports to our experts

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Initiate the tax reporting process

Choose a convenient communication channel on our website and submit a request

Receive a consultation from our specialists

Prepare and provide all necessary documents and reports to our experts

Initiate the tax reporting process

Get a consultation

CFC reporting in Ukraine in 2025

We will help with the preparation and submission of reports on a Controlled Foreign Company

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Submitting a CFC Notification

We will help with the timely submission of the CFC notification

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Consultations on CFC Legislation in Ukraine

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Documents required for cost assessment and filing

To start the income declaration process, you need to prepare the following – proof of income from foreign employers for the reporting year, including accrued salary, bonuses, other payments.

Depending on the income type, the following supporting documents may be required:

Investment income – confirmation of investment profits
Dividends from foreign companies – dividend payment receipt
Salary from foreign companies – official payslips or contracts

Additional Income Documents:

Dividends – receipt of dividend payment
Inheritance – inheritance certificate
Sale of movable/immovable property – sales contract

Information on Movable and Immovable Property

Individuals must declare any movable and immovable property owned during the reporting year, including:

Real estate: land plots, houses, apartments, garden plots, cottages, garages
Vehicles: cars, motorcycles, watercraft, aircraft, and other movable property

Required information includes:

Location of real estate or make/model of movable property
Year of acquisition (real estate) or year of manufacture (movable property)
Total area (sq. m)
Ownership share in the total property area
If any property was rented out, details of the rented properties must be provided for the reporting year

Tax offsetting for Double Taxation agreements

For tax offsetting in countries with a Double Taxation Avoidance Agreement, individuals must provide а certificate of tax and duty paid. Also information on the tax base or taxable object, issued by the tax authority in the country where income was earned.

The certificate must be legalized in the issuing country and at a Ukrainian diplomatic mission abroad, unless otherwise stated in an international treaty.

Penalties for failing to file a Tax Declaration

Failure to submit a tax declaration results in a fine of UAH 340. If repeated within a year, the fine increases to UAH 1,020 per instance of non-filing or late submission. Additionally, if non-filing leads to tax evasion, individuals may face financial, administrative, or criminal liability, depending on the amount of unpaid taxes.

Penalties for Non-Payment of Taxes on Undeclared Income

If a taxpayer fails to submit the mandatory Income and Asset Declaration on time, the tax authority has the right to independently determine the taxpayer’s financial obligations based on audit results and available tax information.

According to Article 123 of the Tax Code of Ukraine, the following financial penalties apply 10%, 25%, or 50% of the assessed tax liability, depending on the severity of non-compliance

Additionally, administrative liability is imposed on individuals who evade tax declaration and payment.

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