Payroll

The payroll is a separate and clearly identifiable element of accounting. The Ukrainian payroll related environment is hugely regulated by the great number of legislative acts and provisions. As any payroll, it consists of 3 (three) parts: gross personal taxable income, taxes payable by employee (deductions) and taxes payable by employer (contributions). The payroll related taxes and their rates are presented in our Payroll Taxes Summary. There is a special reporting form for every payroll related tax which has to be filed to appropriate State controlling institution.

The most complicated issue in Ukrainian payroll is associated with the fact that different types of gross personal income (salary, severance pay, dividends, benefits, etc.) are taxed by the various compositions of taxes and rates. Some of the payroll related taxes are payable monthly by a certain date and some of them are payable at the date of payroll execution (payouts to employees). The Ukrainian payroll is, no doubt, the most vulnerable area of legislation to any kind of continuous amendments.

You can always rely on the professionals of Alt engaged in payroll calculation for our clients. If you chose to delegate us the payroll part of your accounting system, we will ensure the correct calculations, timely payments of taxes and reports filing. The employees of your company should expect that any kind of personal information on their deductions and contributions will be released on demand and in required format within 3 (three) working days.