Dividend Tax for Ukrainian Investors: Complete Guide 2025

Updated: March 2026

If you receive dividends from Apple, Microsoft, Coca-Cola or any other foreign company through Interactive Brokers, Ukraine requires you to declare and pay personal income tax (PIT) and military levy on these amounts. Here's exactly what you owe, when, and how to file.

Who must declare foreign dividends

Under the Ukrainian Tax Code, any Ukrainian tax resident who receives income from abroad must independently declare and pay tax on it. Foreign dividends are no exception — Interactive Brokers does not act as a Ukrainian tax agent, so the full responsibility for calculation and reporting falls on the investor. The obligation arises regardless of amount, even for $2 in dividends per year.

Tax rates: 9% PIT + 5% military levy

Foreign dividends are taxed in Ukraine at two rates:

9% personal income tax (PIT) — a preferential rate for dividends;
5% military levy — increased to 5% from January 1, 2025 (previously 1.5%).

Together, the effective Ukrainian tax burden is 14% of the gross dividend in hryvnias.

Tax base: NBU exchange rate on the payment date

Dividends are always converted to hryvnias at the official NBU exchange rate on the date of accrual (when the funds arrive in your brokerage account), not at a market or bank rate.

Example: if on March 15, 2025 you received $50 in dividends and the NBU rate that day was UAH 41.50/USD, the tax base = 50 × 41.50 = UAH 2,075.

Double taxation: US withholding and the Ukraine-US treaty

For US equities, Interactive Brokers automatically withholds US withholding tax — 30% for non-residents without documentation, or 15% if you have filed a W-8BEN form. Ukraine and the US have had a double taxation convention in force since 2000. In theory, the withheld foreign tax can be credited against Ukrainian PIT.

In practice, the Ukrainian tax authority (DPS) requires an official document with an apostille or wet stamp from the IRS. This is extremely difficult to obtain. As a result, most Ukrainian investors pay both: the 15% US withholding and the full 9%+5% in Ukraine. Even if a credit were accepted, it would apply only to PIT — the military levy (5%) is always paid in full.

Calculation example: $100 dividend

Suppose on April 10, 2025 you received $100 in dividends. NBU rate: UAH 41.50/USD.

Gross in hryvnias: 100 × 41.50 = UAH 4,150
Withheld by broker (15% WHT, US budget): UAH 622.50
PIT 9% in Ukraine: 4,150 × 9% = UAH 373.50
Military levy 5%: 4,150 × 5% = UAH 207.50
Total payable in Ukraine: UAH 581.00

Total effective tax burden: 15% (US) + 9% (PIT) + 5% (military levy) = 29% of gross dividend.

Filing deadlines

Annual income declaration (Form F0100215): due by May 1 of the year following the reporting year. Tax payment deadline: August 1 of the same year.

Automate the calculation

Investor Tax downloads your dividend data from IB Flex Query, applies NBU rates for each date, calculates PIT and military levy per dividend, and prepares data for your declaration. The Pro plan generates the XML file for direct import to the DPS taxpayer portal.