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Ukraine Clarifies Social Tax Benefit Deduction for Individuals in 2022

|Approved Changes|Ukraine
Ukraine

The Ukraine State Tax Service has issued a release clarifying the application of the social tax benefit deduction for individuals in 2022. The monthly deduction from taxable employment (salary) income is equal to 50% of the minimum subsistence level for able-bodied persons, which has been set at UAH 2,481 from 1 January 2022, and may generally be claimed by individuals earning monthly employment income not exceeding 1.4 times this minimum subsistence level, rounded off to the nearest UAH 10.…

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