Украина : Платежи на Украине ( english )

Украина : Платежи на Украине Ukraine: Living There

Residents are taxed at a flat rate of 15% on all their income such as employment income, business and professional income, dividends, interests, royalties, income from immovable property, and capital gains. Residents are taxed on their world-wide income usually withheld at source except in the case of business and professional income wherein the tax is levied by self-assessment. Residents can also avail of several allowances such as: donations to charitable organizations provided that total donations is more than 2% but less than 5% of the total taxable income for that tax periodeducational expenses incurred by the taxpayers incurred by the taxpayer and his immediate relatives up to UAH740 (€109) per month medical expenses incurred by the taxpayers and his immediate relatives except expenses for cosmetic surgery not related to medical treatment and certain dental care life and pension premiums paid by the taxpayer up to UAH740 (€109) per month for the insurance of the taxpayer and 50% of that amount or UAH370 (€54) any of his immediate relatives Individuals who are earning salary income less than UAH740 (€109) from a single source are also entitled for a monthly personal allowance of UAH200 (€30) for 2007.