TAX RELIEFS AND EXEMPTIONS IN UKRAINE | UBC

Tax reliefs in Ukraine: why the previous list cannot be applied mechanically

The earlier review described corporate income tax reliefs under the former version of Article 154 of the Tax Code. It mentioned enterprises of public organisations of persons with disabilities, certain producers of baby food, the Chornobyl Nuclear Power Plant, international technical assistance for the Shelter facility, the Artek and Moloda Hvardiia children's centres, energy-efficiency projects, non-profit organisations, agricultural producers and film production.

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This list is important for historical accounting but is not a ready list of reliefs for 2026.

A relief always has a specific legal basis

To apply an exemption, the current provision, transitional rule or special law must be identified, and the taxpayer, transaction, period and conditions for targeted use of funds must be determined. The same activity name does not mean the same regime. For example, non-profit status depends not on a social objective by itself but on the constitutional documents, inclusion in the register and use of income under the Code's rules.

Review before showing the relief in the return

• current version of the Tax Code on the transaction date;
• presence of the taxpayer in a special register or list;
• primary documents confirming the qualifying transaction;
• separate analytical accounting for relieved and ordinary income and expenses;
• restrictions involving related parties, profit distribution or use of property;
• reporting on amounts of tax relief and explanation of the calculation.

War-time and reconstruction programmes

During martial law, the state introduces temporary exemptions and special rules for aid, reconstruction, energy and defence needs. Such rules often have a limited period and detailed conditions concerning the recipient, goods, source of financing or use of funds. A relief should be analysed together with VAT, customs duties, transfer pricing and accounting rules.

Result

The company should have a separate file containing the legal basis, calculation, supporting documents and decision of the responsible person. If the conditions cease to be met, the tax effect should be reviewed in the period specified by law. The earlier page is retained as an index showing development of tax regimes.

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