Tax accounting in Ukraine

Abstract

Ukraine has two-tier tax system and levies taxes on the local and state levels. There are 18 state and 5 local taxes and charges. Ukraine imposes taxes on its residents on a worldwide basis. The residency of legal entities is determined based on the place of incorporation. As to individuals, the Tax Code provides for a tiebreaker rule.However, tax authorities tend to use the Commentaries in their interpretation of the Tax Code’s provisions.