Dividend Tax for Ukrainian Investors: Complete Guide 2025
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.
Why most investors pay both taxes
As a result, most Ukrainian investors pay both: the 15% US withholding and the full 9%+5% in Ukraine.
- 15% withheld by Interactive Brokers (withholding tax, US budget);
- 9% PIT + 5% military levy — paid independently in Ukraine.
Important: 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. File electronically via the DPS taxpayer portal.
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.
Frequently asked questions
How much tax do Ukrainians pay on foreign dividends?
9% personal income tax (PIT) plus 5% military levy — 14% in total, applied to the gross dividend converted to hryvnia at the official NBU rate on the accrual date. These Ukrainian taxes are paid in addition to any tax withheld abroad (e.g. 15% US withholding).
Do I have to declare small dividends — a few dollars per year?
Yes. The obligation to declare foreign dividends arises regardless of the amount — there is no minimum threshold, even $2 per year must be declared.
Can the US withholding tax be credited against Ukrainian PIT?
In theory yes — Ukraine and the US have a double-taxation treaty. In practice the Ukrainian tax service only accepts a credit with an official apostilled confirmation from the IRS, which is extremely hard to obtain, so most investors end up paying both taxes. The 5% military levy is due in full in any case.
When do I file the declaration and pay dividend tax?
File the declaration (form F0100215) by May 1 of the year following the reporting year; pay the assessed tax by August 1 of the same year. You can file online via the tax service's Electronic Cabinet.