OrbitaxOrbitax

Ukraine Increases Maximum Deduction for Charitable Donations

|Approved Changes|Ukraine
Ukraine

Ukraine has published Law 4254-IX On Amendments to the Tax Code of Ukraine to Stimulate Charity during Martial Law in the Official Gazette. One of the key measures of the law for companies is an increase in the maximum allowed deduction of charitable donations for corporate tax purposes from 4% to 8% of the taxable profit of the previous reporting year. This applies from 2025 until the end of …

Continue Reading