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Defence City: New opportunities for the defence industry
On 21 August 2025, two laws were adopted in Ukraine on the creation of Defence City*. Defence City is a special tax and legal regime that provides a number of benefits and easements for companies working in Ukraine’s defence industry. The laws will enter into force one month after the date of their publication following their signing by the President of Ukraine and will be valid until 1 January 2036 or until Ukraine joins the EU (whichever comes first). Below we provide an overview of the new laws, including on benefits for Defence City residents, eligibility criteria, and relevant procedures. Click on one of the images below or use the following links to read our overview in English or in Ukrainian.
CbC reporting in Ukraine for companies in U.S.-headquartered multinational enterprise groups: First reporting FY2024
Ukrainian taxpayers operating within multinational enterprise groups (MNEs) with consolidated annual revenues exceeding EUR 750 million may, for the first time in 2025, be required to independently file Country-by-Country (CbC) reports. This applies in particular to companies that are part of MNEs with a U.S.-based ultimate parent entity. Please read the complete overview below in English or in Ukrainian. Download in English: Download in Ukrainian:
Enhanced anti-corruption measures implemented in Ukraine
Ukraine has introduced two important laws to strengthen the fight against corruption. The laws—No. 4111-IX (Draft Law No. 11443) and No. 4112-IX (Draft Law No. 10319)—passed by the Ukrainian parliament on 4 December 2024, introduce stricter penalties for corruption, including criminal liability for companies and tax consequences for unethical practices. The new measures include heavier fines, property confiscation, and stricter tax rules to combat bribery and financial crimes. Click on one of the images below or use the following links to read our overview in English or in Ukrainian. Download in English: Download in Ukrainian:
Individuals are advised to check their personal online tax accounts for real property tax liability
In Ukraine, individuals are obliged to pay the respective real estate tax upon receiving a notification-decision from the tax authorities, which should arrive by July 1. Even if such a decision is not received by this date, the tax authorities still have a three-year period within which valid payment notifications can be sent. The tax authority regularly updates its tax database, so the safest way to check one’s tax liability is to use a personal online tax account on the official website of the tax authority. The attached alert outlines the key points regarding the payment of real estate tax for individuals, namely who must pay the tax, in what amount, within what time frame, etc. Please read below our overview in English
Ukraine increases transparency in the international arena and implements CRS
The exchange of information upon request between tax authorities is an important means of promoting transparency and allows tax authorities to obtain information necessary to ensure compliance with tax laws. Ukraine is a party to various international legal instruments under which information may be provided by one country to another. In this regard, Ukraine has recently become a party to the exchange of financial information under the Common Reporting Standard. Click on one of the images below or click on the following links to read the overview in English or in Ukrainian. Download in English: Download in Ukrainian:
183 days of war in Ukraine: Tax considerations for refugees and their employers
The war in Ukraine has now passed the 183-day mark. This unfortunate milestone is a reminder to employers with a dispersed workforce of Ukrainian refugees to take a look at the status of these employees. Under many tax treaties mirrored after the OECD Model Treaty, the 183-day period implicates a significant threshold: individuals temporarily present in the treaty-party country (the Host Country) may be taxed by that country on income for personal services performed there if the individual resides in the Host Country for over 183 days in a given tax year. This is called the 183-Day Rule. Few European countries have issued guidance on how they intend to apply the 183-Day Rule to Ukrainian refugees. Although one