Procedure for taxation of foreign income is stipulated in par. 170.11 of article 170 of Tax Code of Ukraine

If a citizen of Ukraine has obtained income from abroad, this information should be entered into the total annual taxable income form, be declared and paid as an individual income tax making up 15 % (17 %) of amount of income received, as stated in the circular of the State Service Inspectorate in Golosiev District of SA of Ministry of Revenue & Duties of Ukraine in Kyiv city. 

If a taxpayer can reduce the annual taxable amount by the amount of taxes paid abroad pursuant to the norms of the international treaties which requirements are declared by the Verkhovna Rada of Ukraine to be obligatory, it is necessary to indicate relevant grounds in the annual tax return.

In case a tax payer cannot provide supporting documents stating the amount of income received abroad along with the taxes paid in a foreign country, such a tax payer is obliged to file an application on extension of a payment term till December 31 of the year following the reported one to the tax authority the latter is registered with. Otherwise, a tax payer bears responsibility as stipulated by the Tax Code of Ukraine and other legislative enactments.

Please note that taxes not reckoned towards payment of the annual tax amount are as follows:

а) capital tax (capital increment), property levy;

б) levy on postage;

в) sales tax;

г) other indirect taxes irrespective of whether they are attributed to income taxes or regarded to be other levies according to the legislation of foreign countries.