Ukrainians must pay tax on 'excess' square meters of housing by July.


Property owners must pay tax on excess area by July 2025
According to the Tax Code of Ukraine, only the area that exceeds the established norms is taxed: 60 square meters for apartments and 120 square meters for houses.
The tax rate is based on the minimum wage established at the beginning of 2024, which is 7100 hryvnias. The maximum rate cannot exceed 1.5% of the minimum wage for each square meter of excess area, amounting to 106.5 hryvnias. These funds are directed to local budgets.
'Property tax is an important tool for filling local budgets and ensuring financial stability of communities,' emphasizes the State Tax Service.
Property owners have 60 days to pay the fee from the moment they receive the tax notification. Taxpayers have the right to verify all data regarding their property by contacting the tax authorities. In case of discrepancies, the tax service recalculates and issues a new tax notification-decision.
Earlier, it was planned to increase taxes on property sales in Ukraine.
Read also
- The banking system is increasing its liquidity reserves: savings of Ukrainians have increased
- Drivers are 'cheating' with speed cameras: how the authorities plan to stop it
- Chicken Prices Are Rising: Overview of March Prices in Ukrainian Supermarkets
- Trump warned of 'bad news for the world' if Putin refuses to ceasefire
- Zelensky announced the development of a detailed agreement with the USA regarding mineral resources
- Macron urges Russia to ceasefire with Ukraine: 'tactic of dragging it out' must stop