Tax on Stock and ETF Sales in Ukraine 2025: 18% PIT, FIFO, Declaration

Updated: March 2026

Sold Apple, Tesla or any ETF through Interactive Brokers? In Ukraine, you must pay 18% personal income tax and 5% military levy on the profit. Here's how profit is calculated, what FIFO means, and how to file your declaration correctly.

Tax rates: 18% PIT + 5% military levy = 23%

Income from selling foreign stocks, bonds, and ETFs is classified as investment profit under Article 170.2 of the Ukrainian Tax Code, taxed at:

18% personal income tax (PIT) — the standard rate for investment profit;
5% military levy.

Combined: 23% of net profit in hryvnias. If you sold at a loss or broke even — no tax is due.

How investment profit is calculated

Investment profit = proceeds from sale minus acquisition costs, both converted to UAH at the official NBU exchange rate on the respective dates:

Profit = (Proceeds × NBU rate on sale date)
       − (Acquisition cost × NBU rate on purchase date)

Exchange rate movements matter: even if you broke even in USD, UAH depreciation between purchase and sale may create a taxable profit in hryvnias.

FIFO method: how cost basis is calculated for multiple purchases

When you purchased shares in multiple batches, the FIFO (First In — First Out) method is used: the earliest purchased lots are treated as sold first.

Illustrative example — you bought Nvidia in three batches:

5 shares at $400 (Feb 2025, NBU 38.00 → cost UAH 76,000)
3 shares at $500 (Jun 2025, NBU 39.50 → cost UAH 59,250)
4 shares at $480 (Oct 2025, NBU 41.00 → cost UAH 78,720)

You sell 6 shares in December 2025 at $550 (NBU 41.50 → proceeds UAH 136,950). FIFO says: first 5 purchased (UAH 76,000) + 1 from the second batch (UAH 59,250 ÷ 3 = UAH 19,750) = cost basis UAH 95,750.

Profit = 136,950 − 95,750 = UAH 41,200. Tax (23%): UAH 9,476.

Losses: no carryforward in Ukraine

If your overall result from stock sales for the year is negative (a loss) — no PIT or military levy is due. However, unlike many countries, investment losses cannot be carried forward to future years in Ukraine. Each year is calculated independently.

If you closed 2024 with a loss of −$5,000 and 2025 with a profit of +$3,000, you still owe tax on the $3,000 profit in 2025.

Filing deadlines

Annual income declaration: by May 1 of the year following the reporting year. Tax payment: by August 1.

Automate your stock tax calculation

Investor Tax downloads your trades from IB Flex Query, applies FIFO, fetches NBU rates for each transaction, and calculates PIT and military levy — giving you a detailed table per trade and quarterly breakdown. The Pro plan generates the XML declaration file for direct import to the DPS portal.