Main » Comprehensive Legal & Business Services for Foreign Entrepreneurs in Ukraine » Accounting & Tax Compliance

Accounting & Tax Compliance

Reliable Accounting & Tax Support for Businesses

Why Businesses Need Professional Accounting & Tax Support?

Stay Compliant – Avoid tax penalties and reporting mistakes.
Save Time & Focus on Growth – No more dealing with tax authorities and paperwork.
Optimize Tax Payments – Ensure you’re not overpaying on taxes.
Accurate Financial Records – Clear bookkeeping helps with decision-making.
Avoid Regulatory Issues – Be prepared for tax inspections and audits.

Managing accounting and taxes in Ukraine can be complicated, but it doesn’t have to be. Pravelon helps businesses stay compliant, financially organized, and tax-efficient, so you can focus on growth while we handle the paperwork.

Whether you're a small business, an international entrepreneur, or a company expanding to Ukraine, we provide accurate bookkeeping, tax filing, and financial reporting to ensure your business operates smoothly and legally.

Our Accounting & Tax Services

1. Bookkeeping & Financial Reporting

Accurate bookkeeping – Tracking income, expenses, and financial records.
Preparation of financial statements – Balance sheets, profit & loss reports.
Cash flow tracking – Ensuring financial stability and planning.

2. Tax Filing & Compliance

Corporate Tax Reporting – Preparing and submitting tax declarations.
VAT & Payroll Tax Filing – Ensuring timely and correct payments.
Communication with Tax Authorities – Handling official inquiries and inspections.

3. Payroll & Employee Tax Management

Payroll calculation & reporting – Salary calculations, tax deductions, and social contributions.
Employee tax registration – Ensuring compliance with Ukrainian employment laws.
Work permit & residence permit tax advisory – Helping foreign employees stay compliant.

4. Tax Optimization & Business Advisory

Minimizing tax burdens legally – Finding the most efficient tax strategies.
Advisory on tax-efficient business structuring – Choosing the right tax system.
Avoiding double taxation – Ensuring proper tax residency compliance.

Why Choose Pravelon?

We Handle Everything – No need to stress over numbers, deadlines, and tax filings.
Avoid Fines & Mistakes – We ensure full compliance with Ukrainian tax laws.
Tailored to Your Business – We work with small and medium-sized businesses, not just large corporations.
Clear & Transparent Pricing – No hidden fees, just straightforward accounting services.
Ongoing Support – From bookkeeping to payroll and tax audits, we cover it all.

FAQ

What is the simplified tax system (Single Tax, Group 3) in Ukraine?

Ukraine offers a simplified tax system that allows businesses to pay a fixed percentage of their income instead of standard corporate taxes.

For 2025, the 3rd group tax conditions are:

3% tax rate – if registered as a VAT payer.
5% tax rate – if NOT registered for VAT.
Annual income limit – UAH 9.3 million (~$222,000).

This tax system is one of the most attractive in Europe, offering low rates, simple reporting, and reduced administrative burden.

What is the general tax system in Ukraine?

Businesses that exceed the simplified tax system limits or prefer standard taxation pay:

Corporate Income Tax (CIT) – 18% on net profit.
Value-Added Tax (VAT) – 20% if applicable.
Personal Income Tax (PIT) – 18% on employee salaries.
Military Tax – 1.5% on salaries.

This system is used by larger businesses or those involved in activities requiring VAT registration.

Can a foreign entrepreneur register under the 5% tax system?

Yes, foreign business owners can register under the simplified tax system (5%), provided their business activities fall within the approved categories and they do not exceed the UAH 9.3 million turnover limit.

Do I need a VAT number for my business?

If you choose the 5% tax rate → No VAT obligations.
If you choose the 3% tax rate → VAT registration is required.
If turnover exceeds UAH 1 million (~$24,000) → VAT registration becomes mandatory.

How often do I need to report taxes?

Simplified Tax System – Quarterly tax reports, minimal paperwork.
General Tax System – Monthly or quarterly, depending on business activity.

What are the benefits of the 5% tax system?

Low fixed tax (only 5%) – No complicated tax calculations.
No corporate profit tax – You only pay a percentage of total income.
Minimal paperwork – No complex accounting required.
Cost-effective for small and medium-sized businesses.

Can Pravelon help with tax compliance for foreign businesses?

Yes, we assist international companies in setting up tax-compliant structures in Ukraine and help manage local tax obligations.