#Taxation

Ukraine's State Tax Service has clarified: compensation from an airline or hotel for a cancelled flight is subject to 18% PIT and a 5% military levy if it is not a refund of paid funds but a separate additional payment with no exception in the Tax Code.

Apple paid $17 billion in corporate tax in Ireland — 40% of its global payments — even though only 3% of its workforce is based there, according to reporting under the new EU rules.

The Cabinet of Ministers of Ukraine has approved a draft law on the ratification of the convention with Australia on the elimination of double taxation. The document will define the rules for taxing the income of residents of both countries.

Ukrainian banks earned 54 billion UAH in net profit in the first half of 2026. PrivatBank remains the leader, but the tax burden on the sector has doubled due to the return of the corporate income tax rate to 50%.

🇪🇺 EU prepares a tax revolution: cigarette excise duty to rise by 139%, and a unified tax on vapes will be introduced for the first time. The goal is to reduce smoking among youth and close loopholes for smuggling. By 2040, the EU plans to become tobacco-free, but this requires consensus from all countries. 🚭💸

💰 Businesses affected by shelling can legally reduce corporate income tax. The STS clarified the rules for writing off destroyed property: small businesses write off according to accounting rules, large businesses according to tax rules. The main thing is to collect documents (SES acts, ERDR). Losses can also be recorded in the «Diia» app for compensation. 🏭📉

⚠️ Working without a contract: why it is dangerous in 2026. Lawyer Yevhen Bulymenko warned about the risks of unofficial employment. 🔻 The employee loses the right to vacation, sick leave, and pension. 🔻 Employers risk fines up to 259,410 UAH per employee. 🔻 The court can oblige payment of salary at the regional average + taxes. #Ukraine #LaborRights #Economy #Work

🚨 Important for volunteers to know: tax benefits apply only when funds are used directly for their intended purpose! Transferring money to foundations may be considered income and taxed. 📌 Read the details in our longread.

💰 The Ministry of Finance of Ukraine has removed the main tax barrier for the defense industry. Now, the source of funding (budget or foreign donor) does not affect the right to VAT exemption in defense procurement. This will simplify aid logistics and reduce contract prices. 🇺🇦🤝🌍

In 2026, Ukraine's tax authority tightened control over rentals: income is now tracked through bank transfers and neighbor complaints. An expert explains the fines for evasion and how to legally formalize property rental. 🏠💸

Experts have calculated the budgetary effect of introducing a 5% fiscal levy in the Russian Federation instead of mobilization. Such a mechanism could cover up to 45% of defense expenditures for 2026, while preserving the labor market and avoiding inflationary risks. 📉🇷🇺💰

Ukraine plans to introduce a reconstruction tax after the war to replace the current war levy. This is stated in the updated memorandum with the IMF, which also approved the allocation of $690 million and the postponement of the VAT introduction deadline for entrepreneurs. 💰🇺🇦

Ukrainians must declare more than just salary: the STS clarified that gifts, rent, winnings, and even free use of another person's car are subject to tax. Find out who is required to file a declaration and which income can be omitted. 💸📄

Portugal is preparing a draft law to include Russia in the list of tax havens. For residents, this means an increase in tax on income from Russia to 35%, a ban on deducting expenses, and total control by banks. The NHR regime for Russians with assets in Russia loses its meaning. 🇵🇹🇷🇺📉