The Ukraine parliament is considering Bill No. 3311 of 7 April 2020, which provides for an adjustment in tax rates and certain exemptions in order to reduce the tax burden on lower income individuals and smaller businesses that are negatively impacted by COVID-19. This includes:
- An increase in the personal income tax rate to 27% for individuals who receive income in excess of 10 minimum wages, along with a reduction in the tax rate from 18% to 9% for individuals who receive income below 5 m…