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here will be some practical advice on the taxation strategy for cottage construction

Freelancing in Ukraine has long been more than just a side hustle – for thousands of professionals, it’s a full-fledged career that offers freedom, clients from all over the world, and foreign currency income. But every year, more and more questions arise: how to correctly receive payments from foreign clients, which payment systems to choose to avoid losing funds on commissions, and how to avoid violating currency laws? In this article, I’ll explain how a Ukrainian freelancer can legally, safely, and profitably accept payments from abroad in 2025.

If you have accounts in foreign banks, starting from the fall of 2024, the Ukrainian tax authorities will already be receiving data about them. This became possible thanks to the international CRS (Common Reporting Standard) agreement, which Ukraine officially joined in 2023.
About 120 countries, from Poland to offshore jurisdictions, are now exchanging information about non-residents’ bank accounts.
What does this mean for you personally?
The tax authorities will see not only the fact that an account exist, but also the total amount of all incoming transactions.
In this article, we will explain how the CRS system works, what risks arise from ignoring reporting requirements (including fines of up to 800,000 UAH), and most importantly – how to correctly determine your tax residency to avoid problems.

Choosing the right KVED is one of the key conditions for a sole proprietor in Ukraine (a FOP – Ukraine’s sole-proprietorship status) to operate successfully. This activity code determines whether you can legally accept payments, stay on the simplified flat-rate “single tax” regime, and avoid unpleasant notices from the tax authority. Picking the wrong code – or failing to add the one you actually need – can result in up to 23% in additional taxes or even fines.

In this article, I’ll explain what a KVED is (Ukraine’s industry classification code, similar to NAICS in the U.S.), which codes are allowed for different FOP groups, how to choose the right business activities, and – step by step – how to add or change your KVED through Diia, Ukraine’s e-government portal, with minimal paperwork and cost.

Mobilized and contracted private entrepreneurs have received important news: from now on, during their military service, they are exempt from paying taxes and the Unified Social Contribution, and any previously accrued debts will be canceled. Law No. 4505 introduces an automatic exemption mechanism without applications or certificates, finally resolving a long-standing problem for entrepreneurs at the front.

If you are planning to start your own business in Ukraine, one of the most important steps is choosing its organizational and legal form. The most common options are FOP (individual entrepreneur) and LLC (limited liability company), each of which has its own advantages and disadvantages. This article will help you figure out which form of business will be the most profitable for you by comparing them according to the main criteria: ease of registration, tax features, the possibility of attracting investment and the closure procedure.

Individual entrepreneurs of group 3 in Ukraine are the most popular small business format due to simple registration, affordable taxes and minimal bureaucracy. But behind the convenience are dozens of nuances: settlement rules, prohibited activities, restrictions on working with banks and reporting requirements. In this material, we analyze in detail taxes, reporting deadlines, registration of individual entrepreneurs, bank accounts, receiving funds, PRRO, limits and practical advice so that you can avoid mistakes and fines and conduct business calmly and legally.

Renting out real estate is one of the most popular ways to get a stable passive income. But for individual entrepreneurs (IE), this can turn into a real quest with the tax authorities if you do not know all the rules and pitfalls. This article is your reliable navigator in the world of rental business for IEs. We will analyze in detail which of the single taxpayers have the right to rent out property, which KVEDs need to be added, who can and cannot rent out premises, and how to avoid fines so that your income remains legal and problem-free.

Imagine you have just opened a sole proprietorship or are just planning this step. Joy and a lot of questions: when do you need to pay taxes, when do you start accepting payments, and what about the unified social contribution in 2025? Don’t worry – I’ll put everything in its place. This article will be […]

Many Ukrainian entrepreneurs combine their own business with hired work. This is convenient: there is a stable income from the company and additional opportunities as a sole proprietor. But at the same time, the question arises – will you have to pay the unified social tax twice: as an entrepreneur and as an employee? It is important to understand this situation in order to avoid unnecessary expenses, keep records correctly and not create problems with the tax authorities.

Diia.City is a state “sandbox” for IT companies: a 9% tax on withdrawn capital, a personal income tax for specialists of only 5%, plus legal gig contracts and official booking of key employees. In the article, I explain who can join the regime, what criteria to have (a minimum of 9 people on the team, an average remuneration of €1200, and 90% of income from IT activities), which documents to submit online through the Diia portal, and what a resident’s reporting looks like. I break down the advantages and risks with practical examples so that you can honestly calculate whether Diia.City is right for your business.

A gig contract is a new form of cooperation available only to Diia.City resident companies. It combines the flexibility of freelancing with basic social guarantees such as paid vacation, sick leave, employment record, and protection in case of incapacity. This article examines the key differences between a gig contract, an individual entrepreneur (FOP) agreement, and an employment contract, as well as tax nuances, signing rules, NDA and NCA specifics, and potential risks that both specialists and companies should consider.