Tax advantages


CCX Ukraine is a registered non-profit organization and according to the article 14.1.170 of Ukrainian tax code all benefactors for sustaining an NGO have a right for a tax discount. According to article 166 of Ukrainian tax code all country's residents who have official salary or pay taxes as private entrepreneurs have the right for 15% refund of the donation. To obtain this advantage you need to include your donation in your tax return. There is just one limitation - the country refunds the expenses which do not exceed 4% of you yearly income.


How to calculate you tax advantage

For instance, your yearly donation makes up 12,000 grn and this does not exceed 4% of you yearly income (specified in your tax return). Then within 60 days after filing your tax return the country is to refund you 12,000*15%=1,800 grn.