A corresponding Law of Ukraine No. 0940 "On Amendments to the Tax Code of Ukraine concerning the taxation of inheritance and the clarification of certain provisions" was adopted on February 23, 2016. By this law, the successors of the first and second priority, who received the inheritance, are exempt from paying the personal income tax.
However, in all other cases, when registering an inheritance, the tax rate is 5% of the value of the inherited property. And on the basis of obtaining the inheritance of a non-resident of Ukraine or of a resident by a non-resident a tax at the rate of 18% is applied.
It should be noted that this type of income as a inheritance should be indicated in the annual tax return. The mentioned law also establishes that there is no assessment for tax purposes of heritage objects which are inherited by the successors of the first and second priority.
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