In Ukraine introduced a new tax for startups: who will have to pay

For concealment from authorities to its owners face a large fine

Signed by President Vladimir Zelensky , the law on amendments to the Tax code of Ukraineintroduces a tax on profits registered in other States Ukrainian startups.

The tax will apply only to projects whose turnover exceeds EUR 2 million. As a tax agent will be not the company itself, and its owner – a natural person, the income tax will be 5-18% (personal income tax), and you will need to pay military tax (1.5 percent).

To declare taxes and file accounts even have the Ukrainian startups are registered in countries that do not make such claims. They are considered “controlled foreign companies”.