OTHER EXPENSES UNDER THE NEW TAX CODE OF UKRAINE | UBC

Other expenses

The category of other expenses included, in particular, the following groups:

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General production expenses - production management costs, depreciation of fixed assets and intangible assets used for general production purposes, improvement of production technology and organisation, occupational safety and other needs of the production process.

Administrative expenses - organisation of annual meetings, representation expenses, business trips, maintenance of the management staff, consulting and information services, communications and other administrative expenses.

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Selling expenses - packaging materials, salaries and commissions of sellers, advertising, market research, pre-sale preparation, transportation, insurance of goods, freight forwarding services, warranty repair and maintenance.

Other operating expenses - expenses on foreign-currency transactions, taxes and fees, information support, interest on loans, issued bonds and finance leases.

Other expenses of ordinary activities - assets transferred voluntarily, bad debts, maintenance and operation of environmental protection facilities, acquisition of licences and special permits, and other relevant expenses.

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Related Tax Code materials

• Taxable object
• Income (gross income)
• Expenses (gross expenses)
• Operating expenses
• Other expenses
• Expenses not taken into account when determining taxable profit
• Fixed assets and depreciation
• Procedure for applying ordinary prices
• Tax differences
• Procedure for carrying forward losses
• Dividends
• Tax accounting during reorganisation
• Securities and securities transactions
• Foreign currency and foreign-currency transactions
• Leases and lease transactions
• Asset management transactions
• Accounting for doubtful debts
• Tax reliefs and exemptions
• Tax holidays
• Corporate profit tax rate