Made by the student of the 3 rd course, eng “B” group: Abdukhamedova Azizakhon.

 national taxes and fees;  local taxes and fees.

 The main national taxes and fees include:  company income tax - 19%;  personal income tax - 15% (17%);  value-added tax - 20%;  social tax - from till 49.7% of payroll fund (depending on the class of risk) is paid by the employer and 3.6% of the payroll fund is paid by an employee;  excise tax;  fee for the first registration of a vehicle;  environmental tax;  customs duty;  land fee.

 Local taxes and fees procedure is set by village, town and city councils. Local taxes and fees include:  property tax, different from land fee;  single tax;  charge for certain types of business activities;  vehicles parking fee;  tourist tax.

 Ukrainian entities as well as foreign entities doing business in Ukraine are liable for corporate profit tax. Currently, the standard rate is 23% from the clean income (i.e. gross income). However, small legal entities in Ukraine may choose the simplified taxation.

 Legal entities incorporated and operating under Ukrainian law (even with 100% of foreign capital) and which carry out business in Ukraine are considered as domestic companies and treated as tax residents. In that case they are taxable on their worldwide income.

According to the Ukrainian legislation, VAT is levied at a rate of 20% and is imposed on:  Domestic sales of goods and/or services,  Imported goods or services.

 Simplified taxation system in Ukraine gives the right not to pay a lot of taxes and fees that makes the bookkeeping easier. The simplified tax system (single tax) can be used both by individual entrepreneurs and resident entities. According to changes from 2012 the simplified tax system is divided into four groups:

 Group 1 – entrepreneurs who do not use hired labour, exclusively retail goods from trading places on markets and conduct business activity to provide public services. The volume of income during the year does not exceed UAH 150k. The single tax is from 1% to 10% of the minimum wage.  Group 2 – entrepreneurs who employ less than 10 persons and the amount of income does not exceed 1million UAH, that conduct business activity to provide public services, including household (to single tax payers and population), production and sale of goods, restaurant business activity. The single tax is from 2% to 20% of the minimum wage.  Group 3 – an individual who employs up to 20 persons and the amount of income does not exceed 3 million UAH. The single tax is 3% of income and VAT payment or 5% without VAT.  Group 4 – is a legal person with the average number of employees not exceeding 50 persons. The income does not exceed 5 million UAH. The single tax for them is the same as for the third group. Single tax payers who belong to the third or fourth group, have the right to choose the single tax of 5% of income without VAT or 3% of revenue with VAT.

 The social security system in Ukraine covers pensioners, workers and their dependants for work-related accidents, retirement, illness, disability benefits and death, severance pay, sickness and maternity benefits, medical care, and child and family allowances.