Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,000,000 грн
Income Tax
- 180,000 грн
Military tax
- 15,000 грн
Total tax
- 195,000 грн
Net pay
* 805,000 грн
Marginal tax rate
19.5%
Average tax rate
19.5%
80.5%
Net pay
19.5%
Total tax
Total tax
Net pay
The Taxberg
805,000 грн
Net pay
13,406 грн
Tax the employer pays
195,000 грн
Tax you pay
Total tax paid
208,406 грн
Did you know your employer also pays tax on your salary? It costs the employer 13,406 грн to pay you 1,000,000 грн. In other words, every time you spend 10 грн of your hard-earned money, 2.08 грн goes to the government.
Real tax rate
20.6%
So, with you and the employer both paying tax, what used to be a 19.5% tax rate now rises to 20.6%, meaning your real tax rate is actually 1.1% higher than what it seemed at first.
Summary
If you make 24,000,000 грн a year living in Ukraine, you will be taxed 4,680,000 грн. That means that your net pay will be 19,320,000 грн per year, or 1,610,000 грн per month. Your average tax rate is 19.5% and your marginal tax rate is 19.5%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 грн in your salary will be taxed 19.50 грн, hence, your net pay will only increase by 80.50 грн.
Bonus Example
A 1,000 грн bonus will generate an extra 805 грн of net incomes. A 5,000 грн bonus will generate an extra 4,025 грн of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
UAH 14233349
40.7%
1
Canada
UAH 12119593
49.5%
2
Middle East
Country 
Net pay
Average tax
Rank
Kuwait
UAH 23561618
1.8%
1
Saudi Arabia
UAH 23404974
2.5%
2
Bahrain
UAH 23391012
2.5%
3
United Arab Emirates
UAH 22800000
5.0%
4
Qatar
UAH 22800000
5.0%
5
Oman
UAH 22080000
8.0%
6
Egypt
UAH 18011412
25.0%
7
Lebanon
UAH 18007815
25.0%
8
Turkey
UAH 13985754
41.7%
9
Israel
UAH 13011930
45.8%
10
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NOTE* Withholding is calculated based on the tables of Ukraine, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.