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A limited liability company can choose any taxation system that exists in Ukraine:

General taxation system (GTS)
Simplified taxation system (STS)
Also, an LLC, as a legal entity, can be a VAT payer. Depending on the system chosen, there will be different taxes on company income.

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Every year, amendments are made to the Tax Code of Ukraine, some clauses in the laws are changed or new ones are adopted, the taxation system for LLCs also changes, since any business must be carried out in accordance with the current Ukrainian legislation. 2024 was no exception. Influence any changes in legislation – it is impossible, but to enlist the support of experienced specialists who can provide accounting services on any taxation system – it is possible and even necessary!

Service Type Price Duration
LLC accounting No activity from 1500 UAH month
LLC accounting Minimum activity from 5000 UAH month

Specialists from BuhUA are ready to work with clients on any taxation system.

We have collected for you information on the main innovations in the current taxation for LLCs in 2024.

On the general system, LLCs pay:

Tax to be paid Tax Description
Income tax Base rate 18% of net income. Depending on the type of activity, the percentage rate can be 0, 3, 9, 10, or 30%. The rate is influenced by the type of activity and compliance with a certain category of tax payer.
Value added tax 20%. Depending on the type of activity, the interest rate can be 0 or 7%. This depends on the type of goods and services provided that the LLC sells. Registration of VAT payers is voluntary. But according to Art. 181 of the Tax Code of Ukraine, registration of VAT payers is a mandatory procedure in cases where over the last year the total amount from the sale of products or provision of services is 1 million hryvnia or more (minus the amount of paid VAT).

Simplified taxation system

This system only provides for the payment of a single tax, which is calculated at a set rate. Its size depends on the group the taxpayer belongs to (1, 2, 3 or 4 groups). The first and second groups are not available for LLCs. An LLC can choose the third or fourth tax group on the territory of Ukraine. The fourth group is chosen only by those LLCs that are engaged in agricultural activities and, accordingly, the tax depends on the amount of cultivated land.

Payer Rate
VAT payer
  • single tax 3% of turnover;
  • 20% VAT.
Not a VAT payer
  • single tax 5% of turnover.;
  • No VAT.

Most often, Group 3 LLCs choose 5% of turnover to avoid paying VAT. Under the simplified system, an LLC is required to become a VAT payer only when it reaches a turnover of UAH 7 million per year.

STS in LLC cannot be applied to enterprises that:

  • employed in the gambling industry;
  • engaged in currency exchanges;
  • manufacture, export or import, and also sell excisable products;
  • mines, manufactures and sells precious materials;
  • extract and sell minerals;
  • act as financial intermediaries;
  • help manage other businesses or organizations;
  • provide postal services (except courier) and communications (except for activities that are subject to licensing);
  • sell art, antiques, organize auctions;
  • are organizing tours.

Additionally, having hired employees in any taxation system, the LLC acts as a tax agent and is obliged to pay taxes:

Tax to be paid Descriptiontax
Citizens’ income tax (NDFL) 18% of the employee’s salary
Unified Social Contribution (USC) 22% from the wage fund
Military gathering 1.5% of the employee’s salary

Other LLC taxes

In addition to the basic taxes that an LLC pays on its income, there are a number of other taxes. If an LLC has real estate, then it is necessary to pay real estate tax, transport tax – transport tax, sales of excisable goods – excise tax, etc. The more types of activities, the more different taxes.

Basic taxes and LLC reporting:

  1. Income tax – the report is submitted in the financial statements of the LLC within 25 days after the reporting year.
  2. VAT – the report must be submitted monthly before the 20th day of the next month (VAT Tax Return), if you apply to choose a quarterly report, you can submit the VAT report quarterly.
  3. Citizens’ income tax (NDFL) and military duty – quarterly reporting 40 days after the end of the quarter.
  4. UST – monthly until the 20th of the next month.
  5. Single tax – quarterly reporting 40 days after the end of the quarter – deadline for submission.

How to understand which tax system to choose?

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