The amount of tax on real estate other than a land plot has been increased
The Law of Ukraine No. 3460-IX "On the State Budget of Ukraine for 2024" dated 09.11.2023 established the minimum monthly wage: from January 1 - UAH 7100, from April 1 - UAH 8000 (in 2023 - UAH 6700).
According to subpara. 266.5.1 of the TCU, tax rates for residential and/or non-residential real estate owned by individuals and legal entities are set by a decision of a village, town, city council or council of united territorial communities established in accordance with the law and the perspective plan for the formation of community territories, depending on the location (zoning) and types of such real estate in an amount not exceeding 1.5% of the minimum wage established by law as of January 1 of the reporting (tax) year per 1 square meter of the tax base.
Thus, in 2024, the maximum real estate tax rate per 1 square meter is UAH 7,100 x 1.5% = UAH 106.50.
In accordance with the requirements of paragraph 12.3 of Article 12 of the Tax Code of Ukraine (the "Code"), village, town and city councils, within their powers, decide on the establishment of local taxes and fees and tax benefits for the payment of local taxes and fees. The rates of local taxes and duties are available on the website of the State Tax Service of Ukraine at the following link.
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