Foreign Income What You Need to Know About Taxation

     Ukrainians who work or receive income abroad must remember: such income is also subject to taxation in Ukraine. Under current legislation, foreign income must be taxed at 18% personal income tax (PIT) and 1.5% military levy — but only for income received before January 1, 2025.

If the income was received in foreign currency, it must be converted into hryvnia at the official NBU exchange rate on the date of receipt. Important: all foreign income must be declared by May 1 of the year following the reporting year.

To avoid double taxation, if you’ve already paid taxes abroad, you need to obtain an official tax certificate from the foreign tax authority and have it legalized (e.g., via a consulate). If a double taxation treaty exists between Ukraine and the country in question, the tax paid abroad will be credited in Ukraine, and you won’t have to pay again. If the foreign tax rate is lower than the Ukrainian rate, you’ll need to pay the difference.

If you’re unsure how to properly declare your income, obtain the right documents, or navigate international tax rules — don’t risk your peace of mind or finances.

WINNER Law Firm will help you understand every tax detail, prepare all documents, and protect your interests before the tax authorities.

✅ Trust the professionals — and keep your finances secure!