Since 24 February 2022, the Parliament has adopted special tax and customs incentives to ensure support for taxpayers during wartime. Apart from the incentives, the Parliament is currently working on changes to the Tax Code of Ukraine that are meant to discourage both Ukrainian and international groups of companies with subsidiaries and branches in Ukraine as well as other defined taxpayers from engaging in or conducting business in the “aggressor state”. This is to be…

Since 24 February 2022, the Parliament has adopted special tax and customs incentives to ensure support for taxpayers during the period of martial law. One of the key incentives relates to extending a simplified gross-based taxation — otherwise available to small and medium businesses, including private entrepreneurs — to virtually any business willing to opt for such special single tax regime. For the martial law period, however, such regime is materially extended in terms of…