Nicaragua vs Ukraine
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ณ๐ฎ Nicaragua โ Municipal Taxes
Nicaragua's 153 municipalities levy the Impuesto de Matrรญcula (2% of prior revenues), Impuesto Municipal sobre Ingresos (IMI at 1% of monthly revenues), property tax (IBI at 1%), and service fees. Nicaragua under Ortega government has faced significant economic disruption from 2018 protests and subsequent international isolation. The economy has stabilized somewhat but remains one of the poorest in Central America. Tax administration reform has been ongoing with support from international institutions.
๐บ๐ฆ Ukraine โ Local Council Taxes
Ukraine's 27 oblasts and the city of Kyiv have limited independent taxing powers โ income tax is national. Local councils set rates for land tax (0.01%โ3% of normative monetary value), real estate tax (up to 1.5% of minimum wage per sq.m.), and transport tax. Unified tax regimes for entrepreneurs (1โ3 groups) are nationally set with simplified rates. Wartime conditions have significantly altered tax collection and enforcement. The simplified system (ัะดะธะฝะธะน ะฟะพะดะฐัะพะบ) covers ~60% of registered entrepreneurs.
Nicaragua vs Ukraine: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ณ๐ฎ Nicaragua has a higher top income tax rate (0โ30% vs 18%). ๐บ๐ฆ Ukraine is more favourable for high earners.
๐ VAT/Sales Tax: Ukraine has a higher consumption tax (15% vs 20%).
๐ข Corporate Tax: ๐บ๐ฆ Ukraine offers a lower corporate rate (18% vs 30%), which can influence business location decisions.
๐ Capital Gains: ๐ณ๐ฎ Nicaragua taxes investment gains at a lower rate (15% vs 18%), benefiting investors.