Check the Latest Revenue Stats for Ukraine's Profit Tax and Personal Income Tax
Disclosed Gambling Taxes: Gettmantsev's Revelations Regarding Tax Payments on Gambling Activities
Head of the parliamentary financial committee, Daniil Getmanets, has revealed some crucial figures.
The major sources of income are profit tax accounting for 63.6% and personal income tax (PIT) at 35.9%.
In the past 8 months, the profit tax totaled UAH 7.4 billion, compared to UAH 2.5 billion in the corresponding period of 2023. For PIT, the current amount is UAH 4.2 billion, a rise from UAH 3.1 billion in 2023.
It's worth mentioning that the gambling market witnessed the highest increase in profit tax contributions in the first half of 2024.
Now, let's dive deeper into the trends:
Trends in Profit Tax:
The corporate profit tax (CPT) in Ukraine has seen significant growth. In March 2025, CPT contributed approximately 40% of the total tax revenues, totaling 86 billion UAH. The segments contributing most to CPT are banks, state-owned enterprises (SOEs), and the gambling industry, with banks leading the pack at an impressive 42.2 billion UAH.
Overall, the corporate profit tax has experienced a substantial increase, with a notable boost of 127 billion UAH in absolute terms for the entire year of 2024 compared to the previous year.
Trends in Personal Income Tax:
Ukraine has a single-rate income tax of 13% since 2004, replacing the multiple-bracket system. Recent tax policy changes have primarily aimed at increasing taxes for defense purposes, including a military levy for officially employed citizens and legitimate businesses.
The Role of the Gambling Industry:
The gambling sector modestly but significantly adds to the state budget via corporate profit taxes. In March 2025, the gambling sector contributed 2.2 billion UAH. Although it doesn't dominate the market as compared to other sectors like banking, the gambling industry does play an essential role in profit tax contributions.
Historically, Ukraine's corporate tax rate was higher, with a simpler flat tax system introduced to eliminate bureaucratic complexities and encourage compliance. The profit tax has been a steady revenue source for the government, with boosts in recent years due to economic adjustments during the conflict.
In the past, the gambling industry was subjected to various regulations, and its contribution to the revenue, while significant in some aspects, remains smaller when compared to banking and other sectors.
Challenges and Future Outlook:
The unstable regulatory environment in Ukraine has posed challenges for investment, including in the gambling sector. The overall investment climate is estimated to worsen in 2025, potentially impeding growth in various industries.
The ongoing conflict has promoted economic instability, influencing tax revenues and investment flows. To maintain budget stability, recent efforts have focused on increasing taxes, often disproportionately impacting the formal sector.
- In the first half of 2024, the gambling market showed a remarkable increase in profit tax contributions, contributing significantly to the state budget.
- The total profit tax for the past 8 months in Ukraine amounted to UAH 7.4 billion, a notable rise from the UAH 2.5 billion in the same period of 2023.
- Finance experts predict a potentially challenging year ahead for business investments in Ukraine due to an unstable regulatory environment in 2025.
- The personal income tax (PIT) currently accounts for 35.9% of Ukraine's major sources of income, as revealed by Daniil Getmanets, the head of the parliamentary financial committee.
