Athletes have certain privileges when it comes to tax payments, as they can hope for different deductions if they understand the taxation laws. There are some specific categories where tax deductions apply and many athletes are not even aware of them. Athletes’ tax filing can be very demanding and complex, and they also rather hire a company or tax advisor to deal with their reports.
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Gambling and sports betting became one of the hot topics in Ukraine in recent years as they are about to be legalized again after a ban from 2009. Even though, the gaming industry was never completely shut down since the majority of the gambling industry kept operating in the black market. Nevertheless, Ukraine is considering adopting new legislation to re-introduce gambling, but the conditions set forth in the proposal bill do not amuse the gambling and sprotsbook community. The conditions are highly unlikely to be met as the government requires...
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The Conscientious Taxpayer award was only formally introduced in 2011, but it goes back to the first Ukrainian Taxpayers Association which was founded in 1998, and it includes citizens and non-citizens on the territory of Ukraine. The Association has participated and initiated many projects...
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The Ukrainian-Russian conflict in 2014 took its toll on the economy of Ukraine which suffered inflation, a drop in GDP, and many other economic hardships, besides the human suffering that kept Ukraine in suspense for more than a year.
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