Preparation and filing of the personal income and asset declaration in Ukraine
We prepare and submit the annual declaration of assets and income, including foreign income, investments, CFC obligations, and other tax liabilities. We work with Ukrainian tax residents who received income in Ukraine or abroad and need to report it to the tax authorities properly
WoBorders is an independent private consulting company. We provide advisory and administrative support and are not affiliated with any government authority or official registry
countries where we support company formation and international business growth
years of experience in international business consulting and structuring
clients who successfully launched their businesses abroad with our support
Our partners
What is the annual declaration of assets and income?
The annual declaration of assets and income is a report submitted by an individual to the Ukrainian tax authorities regarding income received in Ukraine and abroad during the reporting year.
The obligation to file such a declaration arises in cases provided for in the Tax Code of Ukraine, including when receiving foreign income, investment profits, or when owning a Controlled Foreign Company (CFC).
Declaration and CFC: how they are related
If you are a controlling person of a Controlled Foreign Company (CFC), information about the CFC may affect the figures reported in your annual declaration of assets and income. Our team will help determine what exactly must be reflected in the declaration and, if required, prepare a CFC report as a separate document.
Income Declaration requirements in Ukraine
According to the Tax Code of Ukraine , individuals who are tax residents of Ukraine must declare income received during the reporting year if such income was not taxed or exempt from taxation.
Which income and assets must be declared?
The annual declaration of assets and income covers both income earned in Ukraine and foreign income received during the reporting year. The obligation to file arises in cases provided for by the Tax Code of Ukraine, when such income has not been finally taxed or is not exempt from taxation.
Special attention should be paid to investment gains, cryptocurrency transactions, asset sales, and income received from abroad. If you control a Controlled Foreign Company (CFC), the adjusted profit indicators of that company may affect the tax liabilities reflected in your annual declaration. Proper reporting helps reduce the risk of additional tax assessments, penalties, and follow-up inquiries from the Ukrainian tax authorities.
Not sure if you need to file a declaration?
We will determine whether you are required to file and prepare the declaration for submission to the Ukrainian tax authorities
How WoBorders prepares and files your declaration
Below are the key stages: from verifying the grounds for filing to submission and communication with the tax authority
Cost of preparing and filing the declaration
The cost is calculated individually for each case
- Preparation of the declaration
- Tax credit offset if the income has already been taxed in a country with which a Double Taxation Avoidance Agreement is in place
- Submission of the declaration through the taxpayer’s electronic cabinet
- Preparation of letters in response to inquiries from the Tax Authority
We will help you prepare and file your declaration
Your consultant
Ivan Chebotarov
CEO & co-Founder
Describe your request
We respond within one business day. Our team will advise whether you need to file a declaration and what documents should be prepared for submission
Frequently asked questions about income declaration in Ukraine
Who is required to file an income declaration?
Income declarations must be filed by Ukrainian tax residents who received income that was not finally taxed by a tax agent or received foreign income.
Which income must be declared?
Ukrainian residents must declare:
– Foreign income — salary, freelance income, rental income, sale of assets, etc.
– Income received under the Diia City regime
– Cryptocurrency income — when exchanged for fiat or another asset
– Dividends and interest from foreign companies, including Controlled Foreign Companies (CFCs)
– Gifts and winnings
– Income from the sale or exchange of movable or immovable property
– Income from leasing land plots or agricultural shares
– Investment gains
How and when is the Income Declaration submitted?
The tax year runs from January 1 to December 31. The deadline for filing the annual declaration is May 1 of the year following the reporting year (for example, for the 2025 tax year — until May 1, 2026).
The deadline for paying taxes is August 1.
The declaration can be submitted: through the taxpayer’s electronic cabinet at cabinet.tax.gov.ua or in paper form to the tax authority at the place of registration
Which taxes must be paid after Income Declaration?
Declared personal income is subject to:
– Personal Income Tax (PIT) — 18%
– Military levy — 5%
If tax on foreign income has already been paid in the country of source and a Double Taxation Treaty applies, the paid tax may be credited in Ukraine.
What is the liability for failure to submit or a false declaration?
Failure to submit the declaration on time may result in an administrative fine (currently 340 UAH). If tax was not paid due to failure to report or understatement of income, a penalty of 10–20% of the unpaid tax amount may apply, along with accrued interest (penalty charges).
What our clients say about WoBorders
Related services for international business owners
