Published 18 September 2023. Some rules have changed since; ask us for the current position.
The IT sector keeps growing fast. Ukrainian legislation is amended regularly as a result, and each year the tax requirements for IT companies become harder to meet. So if you are starting an IT company, it is important to understand every aspect of keeping its books under Ukrainian law.
What reporting requirements apply to IT companies?
Every IT company registered in Ukraine must file quarterly and annual reports with bodies such as:
- the statistics authorities;
- the tax authority;
- the Pension Fund;
- extra-budgetary funds and others.
What should accounting services for an IT company include?
Accounting services for IT companies include:
- full bookkeeping for your IT company;
- currency exchange transactions, including those involving cryptocurrency;
- calculating social security contributions;
- preparing the company's annual income tax return;
- keeping the IT company's book of income and expenses;
- maintaining accounting records and all required registers;
- settlements with foreign companies and other transactions.
Where can you get reliable accounting for an IT company in Ukraine?
Key Solutions, an audit firm, provides reliable accounting for IT companies in Ukraine. We offer full-service bookkeeping and work in Kyiv and the Kyiv region.
Our services include:
- reviewing the required documents;
- setting up and keeping the IT company's financial and tax accounting;
- preparing all required reports and documents for the tax authority, the Pension Fund and other bodies;
- support for all settlements, including international ones.
We take care of the routine work of keeping your IT company's books, so you have more time and room to focus on your IT projects.
We can also help you lower your effective tax rate within the law and streamline all the payments involved in running your business.
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