Overview

Capital
Kyiv
Currency
Ukrainian Hryvnia

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Taxes

Employer
22% - Social Security
Employee

Minimum Wage

General
Minimum wage is UAH 8.29 per hour / UAH 1,378 per month.

VAT

General
VAT is 20% standard rate.

Mandatory Benefits

Pension Fund
Employer contributes 33.2% of total wages.
Employee contributes 2% of total wages.

Payroll

Additional Employee Withholding
1) Military Tax
1) Employer contributes 0%
1) Employee contributes 1.5%

Termination

Termination Process
Employer must give 2 months’ notice to the employee.
Advance Notice
Advance notice is 2 weeks’ notice.
Severance Pay
Severance pay is one month salary on average.