Belarus or Ukraine: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Belarus and Ukraine weigh about the same on the taxpayer.

Tax Belarus Ukraine Gap
Corporate income tax headline rate 20% 18% +2.0 points
Personal income tax top bracket 13% to 17% 19.5% −2.5 points
VAT standard rate 20% 20% Same rate

Detailed schedules

Corporate income tax

Belarus

Tax base up to 25 million BYN 20%
Tax base over 25 million BYN since 2024 25%

Ukraine

General rate 18%
Financial institutions Excluding insurance, from 2025 25%
Banks Temporary profit tax 50%
See the Belarus page See the Ukraine page