On 31 July 2014, the Ukrainian parliament considered and adopted Draft Law No. 4309A. The law includes several changes to Ukraine's tax legislation which are generally applicable from 1 August 2014. The following summarizes the key changes.
Corporate Income Tax
- The corporate income tax exemption for hotels and energy enterprises that produce electric energy exclusively from renewable energy sources is revoked
- The reduced income tax rate of 10% for income received from securities and deriv…