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 working with international structures and tax reporting
prepared CFC reports and submitted notifications to the tax authorities since 2023
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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).
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.
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.
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.
Below are the key stages: from verifying the grounds for filing to submission and communication with the tax authority
We review your income for the reporting year (in Ukraine and abroad), determine whether filing is required, and calculate the applicable tax liabilities
We prepare the declaration in the correct format and submit it through the taxpayer’s electronic cabinet (if necessary — using your electronic signature)
We track the acceptance of the declaration and assist with communication with the tax authorities if additional requests arise
The cost is calculated individually for each case
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
Your consultant
Ivan Chebotarov
CEO & co-Founder
Describe your request
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.
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
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
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.
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).
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WoBorders is a private consulting company. We are not a government authority and do not provide governmental or administrative services, legalization, or issuance of official documents. The information on this website is for general informational purposes only and does not constitute individual legal or tax advice. Registration terms, processing times, government fees, KYC/AML requirements, and bank account openings are determined by the relevant governmental registries and financial institutions. WoBorders does not guarantee the approval of decisions made by third parties. All prices and timeframes indicated are approximate and may vary depending on the jurisdiction, company type, and selected service package. The actual terms and conditions are specified in the commercial offer or agreement. Certain services may be performed by accredited partners in the respective countries in accordance with local legislation. Personal data is processed in compliance with our Privacy Policy.
