Ukraine Will Introduce Tax Breaks for IT Sector

Ukraine Will Introduce Tax Breaks for IT Sector

The Ukrainian president has signed a new law granting ten-years exemption from value added tax to its domestic Information Technology (IT) industry enterprises. 

At present goods and services provided by IT-sector in Ukraine are subject to VAT at the rate 20%. The exemption will be applicable to the supply of operating systems, computer programs including encrpytion software, websites creation, software testing, system administration and IT consultancy from January 01, 2013, till January 01, 2023. To apply this tax allowance taxpayers should file a relevant form to tax authorities.

In addition, starting from January 01, 2013 the corporate tax rate for companies engaged in the IT industry will be reduced from 21% to 5%.

Before adoption of the law providing tax allowances for the Ukrainian IT-sector, the government experimented with introduction of 0% VAT rate for goods and services provided by IT-business. The experiment was carried out during six months and it demonstrated 40% growth of the industry.

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004


tel +357 25 731-042


11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714


52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved