Business peciliarities in Ukraine and Bealrus
goods/services/works were supplied.
Source: KPMG. Your Business in Ukraine 2012
Income exempt from CIT
The following types of income are not included in the taxable profit:
capital contributions in equity;
contributions in cash or in-kind under contracts of joint activity to be conducted in
Ukraine (without incorporation n Ukraine);
share premiums realized by the issuer;
dividends received from residents of Ukraine and nonresidents under the recipient's
control, etc.
Tax breaks
The Tax Code provides a number of tax incentives and tax holidays for different businesses,
including for small companies. In particular, companies incorporated during the period from
1 April 2011 to 1 January 2016 will be entitled (subject to certain limitations) to a zero CIT
rate provided that their aggregated annual income does not exceed UAH 3 million, and the
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