New real estate taxation rules will come into effect in Ukraine from 2025, changing the approaches to calculating the tax amount. The main change will be an increase in the base rate to 1.5% of the minimum wage for each square meter exceeding the established norm, writes IZ with reference to finance.ua.
According to the new rules, the tax will be paid by owners of apartments with an area of over 60 square meters and houses with an area of over 120 square meters . If the area of the dwelling exceeds these limits, a tax will be charged on the excess meters. This innovation applies to both new buildings and secondary housing.
In large cities of Ukraine, such as Kyiv, Lviv, Kharkiv, and Odesa, local authorities will have the right to set additional coefficients that will affect the final amount of the tax. Thus, for residents of megacities, the financial burden may be higher than in small settlements.
Benefits are provided for certain categories of citizens. In particular, large families, pensioners, war veterans and other socially vulnerable groups will be entitled to tax exemption or reduction. Tax exemption is also provided for owners of housing destroyed during the war, provided that the facility is located in the territory of active hostilities or under temporary occupation.
The State Tax Service has already started sending electronic notifications to citizens regarding the mandatory payment of real estate tax. The agency recommends that property owners familiarize themselves with the new rules and, if necessary, contact specialists for clarification or advice.
We remind you that we previously wrote that conducting business without registration is punishable by a fine.