The National Securities and Stock Market Commission of Ukraine published an investor guide explaining that securities income is taxed according to its source rather than under a single investment-income rate. For individuals, the positive annual financial result from investment-asset transactions, including profits on share sales, is generally subject to 18% personal income tax and a 5% military levy. Income from domestic government bonds is exempt from both charges in the cases specified by the Tax Code. Dividends from a Ukrainian corporate income taxpayer generally face a combined 10% charge, comprising 5% personal income tax and the 5% military levy. The combined rate is generally 14% for dividends from nonresidents, collective investment institutions and entities that do not pay corporate income tax, although special rules apply to certain dividends. Investors must track their annual aggregate gains and losses and retain evidence of acquisition costs, even where a bank or securities dealer acts as tax agent. The guide also distinguishes current law from proposals for tax-advantaged personal investment accounts. Bills No. 15314 and No. 15314-1 remain legislative initiatives, and any account design, eligibility conditions and tax benefits will depend on the version ultimately adopted by Parliament.
2026-09-03Ukraine National Commission on Securities and Stock Market
National Securities and Stock Market Commission of Ukraine explains tax treatment of shares, dividends and domestic government bonds
The National Securities and Stock Market Commission of Ukraine explained that share-sale profits generally face a combined 23% tax, while dividends are generally taxed at 10% or 14% depending on the payer. Qualifying income from domestic government bonds is exempt from personal income tax and the military levy. Proposed tax incentives for personal investment accounts are not yet in force and depend on pending legislation.