According to the law N 71-VIII (bill number 1578) Amendments to the Tax Code of Ukraine and other laws of Ukraine (tax reform), which  came into force on 01.01.2015, and provides, in particular:

1.1. First of all –the number of taxes was reduced from 22 to 9.

Military tax was extended till time, when military reform will be finished;

1.2. Tax on income of individuals:

- The tax rate was increased to 20% (for income of more than 10 minimum wages). Previously was 17%;

  - Taxation of so-called passive income, such as dividends, interest, royalty tax rates for passive income increased from 15 to 20%;

1.3. Single tax rate decreased for the third group of privates-entrepreneurs and companies - from 5% to 4% (for non-payers of VAT) and from 3% to 2% for VAT,base for taxation is the turnover!

 1.4. Will introduce moratorium on inspections of small and medium-sized businesses (with the amount of income up to 20 million UAH of the previous calendar year) for 2 years. In 2015 and 2016 inspections of enterprises, individuals - entrepreneurs supervisory authorities are carried out exclusively:

- With the approval of the Cabinet of Ministers;

- At the request of the company for such inspection;

- According to the court decision or in accordance with the requirements of the Criminal Procedure Code.

1.5. introduced the so-called property tax, which consists of the transport tax, real estate tax  (other than land) and tax for land.

Base for real estate tax is the total area of the object (not just the living space!).

The tax base of the object, owned by an individual taxpayer is reduced:

a) for apartments / flats, regardless of their number – by 60 square meters;

b) for a house regardless of their number – by 120 square meters;

c) for different types of residential properties – by 180 square meters. .

The tax rate will not higher than  2 % of the minimum wage established by law on the  January 1 of the reporting (tax) year, for 1 square  meter of object.For this tax administration has to send till 01.07.of every year an notification to every real estate owner with the calculated tax amount to withdraw. If owners do not agree with this calculation, they have to complaint within 60 days after receipt of this notification!!

Also necessary to mention, that this tax is not a federal tax - every city administration is free to decide to introduce this tax or not and to set a own rate (just max.by law will be the 2% of the min.wage!)!

The object of taxation of transport tax are cars which are used up to 5 years and has engine 3,000 cubic meters. sm. and more

Tax rate - 25.000 UAH per year!!

We would like to underline that paragraph1 of the Final Provisions of this law is not consistent with the requirements of paragraph 4.1.9 of the Tax Code, which stipulates the principle of stability of the tax legislation of Ukraine. According to this paragraph, any change in the elements of taxes and duties can not be made later than six months before the start of the new fiscal period in which such new rules and rates will be introduced. Taxes and fees, their rates, as well as tax incentives can not be changed during the fiscal year.