In Ukraine all taxes or levies are national or local.

Tax collection procedures and tax incentives may

be established only by law. According to the Tax Code in Ukraine now exist 23 taxes and levies, 18
of which are national and 5 local.
The main taxes and payments are:
Corporate Income Tax (CIT) (also known as Corporate profits tax-CPT);
Value-Added Tax (VAT);
Single contribution to mandatory social security fund;
Employer contributions.
Other principal taxes include Personal Income Tax (PIT), land tax, royalties for the extraction of oil,
natural gas and gas condensate, and the charge for using local symbols.
Ukrainian entities as well as foreign entities doing business in Ukraine are liable for corporate profit
tax. Currently, the standard rate is 18% from the clean income.
In Ukraine value-added tax (VAT) is known as podatok na dodanu vartist (PDV). According to the
Ukrainian legislation, VAT is levied at a rate of 20% and is imposed on:
Domestic sales of goods and/or services,
Imported goods or services.
The social security system in Ukraine covers pensioners, workers and their dependants for work-
related accidents, retirement, illness, disability benefits and death, severance pay, sickness and
maternity benefits, medical care, and child and family allowances.
Single contribution is paid to the local offices of the State Pension Fund and its rate vary from 36,76
% to 49,7% depending on so-called "class of the professional risk".