On January 1, 2016, amendments to the legislation adopted by the Verkhovna Rada of Ukraine came into force (the Law of Ukraine “On Amendments to the Tax Code of Ukraine and Certain Other Legislative Acts of Ukraine” dated December 24, 2015, #909-VIII).
According to the adopted Law:
1. The tax rate for passive income of individuals was amended and established at 18% (Article 167.5.1 of the Tax Code).
2.1. Military tax was introduced temporarily until the implementation of the decision of the Verkhovna Rada of Ukraine on the completion of reforms of the Armed Forces of Ukraine. The tax rate amounts to 1.5% of the taxable item.
Thus, the total tax amount for passive income of individuals is 19.5%.
Dear Customer, please be informed that you can receive the certificate on withheld tax amounts at the branches of the Bank.