The recent interagency meeting addressed the taxation of global grants

Опубліковано 20 September 2023 року, о 15:47

The Ministry of Reintegration receives inquiries from representatives of global organizations regarding the taxation of grants received by individual business owners. This pertains to aid for business recovery, construction, and purchase of housing for IDPs provided by international, charitable, public, and other non-governmental organizations.

Vice Prime Minister Iryna Vereshchuk chaired an interdepartmental meeting to discuss the issue.

The current legislation mandates that grants provided to individual entrepreneurs are subject to taxation of 18% for personal income and 1.5% for military duty. A detailed explanation prepared by the State Tax Service is available at.

Following the discussion, the participants agreed to develop proposals for amendments to the Tax Code with the possibility of eliminating the taxation of grants.