In luck gifts worth up to 800 UAH are not subject to personal income tax
the value of the gifts (and awards to winners and prize-winners of sports competitions) is not included in the calculation of total taxable income of the person if their value does not exceed 25 % of one minimum wage per month established on 1 January of the tax year. The exception to this is monetary payment in any amount. Such changes regarding the taxation of gifts income tax provided by subparagraph 165.1.39 of the Tax code of Ukraine in edition of the Law from 20.12.2016, No. 1791 VIII. The calculations should take into account that the minimum wage from 1 January 2017 is 3 200 UAH. Therefore, the value of the gift, which is not included in the taxable income of the payer, shall not exceed UAH 800. Recall that before the changes to the tax code of Ukraine (in 2016) were not subject to personal income tax the value of gifts (and awards to winners and prize-winners of sports competitions), if their value does not exceed 50% of one minimum salary. The Department of the Lutsk LIGHTS This was reported in Lutsk city CouncilÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
