Ukrainian Cabinet of Ministers abolishes tax on charitable donations to Ukrainian veterans
The Ukrainian Cabinet of Ministers has abolished the income tax placed on charitable assistance to Ukrainian veterans and their families. They also expanded the list of goods and services which may be considered as charitable aid.
This is now stated in government decree No. 112.
“The Cabinet has abolished the personal income tax levied on charitable aid. They have also lifted restrictions on the monetary amount of charitable assistance to veterans and their families,” the decree states.
Previously, the non-taxable amount on the charitable aid did not exceed one a half of the tax-exempt income.
According to the decree, non-taxable charity includes food products, textiles (including yarn and fabrics), bedding, clothing (including socks), tights and hats, school supplies (including notebooks and paper), hygiene items (including soap), photo chemicals, tires, plastic and ceramic tableware, temporary provision of housing (including accommodation in cars and vehicles), canteen services, telecommunication services, support weapons (including thermal imaging cameras), equipment for detecting explosives, lights, helmets, and bulletproof vests.
According to previous UNIAN reports, the personal income tax amount in Ukraine was set at 18% as of the 1st of January 2016. The tax-exempt income amount in Ukraine was set at 689 hryvnia in 2016.