The tax rate in Ukraine exceeds the European rate and leads to shadow wages.
Wednesday, January 25, 2023

The tax rate in Ukraine exceeds the European rate and leads to shadow wages.

The actual income tax rate for Ukrainians today reaches 51.5%. To pay a salary of UAH 20,000, you need to pay about UAH 11,000 in taxes, said Rostislav Shurma, deputy head of the President’s Office. He specified that the 51.5% figure includes: 22% in unified social contribution, 18% in personal income tax, and 1.5% in military levy. The official believes that such a load leads to many salaries being paid unofficially. In addition, according to Shurma, this rate is relatively high compared to European rates, where these rates are about 30% on average.

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