Ukraine: Diia City – new tax regime approved

On 18 December 2021, the law “On Amendments to the Tax Code of Ukraine On Stimulating the Development of the Digital Economy in Ukraine” (the “Diia City Tax Law”) was signed into law by the President of Ukraine.

As 2022 approaches, the Diia City regime remains in the spotlight for Ukraine’s entire IT industry. The Diia City regulation package comprises three fundamental laws in order to create a unique IT legal environment providing companies (which would opt for registering as Diia City residents) with tax benefits and protection against possible misconduct by law enforcement authorities.