Page 6. Taxes

Published 28 February 2017. Some rules have changed since; ask us for the current position. The State Fiscal Service of Ukraine (DFS) has drafted a Cabinet of Ministers resolution amending the Procedure for Maintaining the Unified Register of Tax Invoices (Yedynyi reiestr podatkovykh nakladnykh, ERPN). The resolution is expected to take effect on 1 April 2017. The draft reflects recent amendments to the Tax Code of Ukraine regarding: suspension of the registration of tax invoices and adjustment calculations in the ERPN where they meet the set of risk assessment…

Published 20 February 2017. Some rules have changed since; ask us for the current position. Taxes will be collected through a single account. As Tetiana Sliuz, head of the State Treasury Service of Ukraine (Derzhavna kaznacheiska sluzhba), explained, the system will work in much the same way as automatic VAT refunds. Each taxpayer will have an account opened automatically, and the Treasury will credit their taxes automatically on the basis of their tax returns. A step towards automation? Exactly. According to the head of the Treasury, this will…

Published 9 February 2017. Some rules have changed since; ask us for the current position. What prompted this decision by the Verkhovna Rada? The abolition of the tax police was described as a technical inaccuracy that needed to be corrected. How? By amending draft law No. 0940 "On amending the Tax Code of Ukraine (regarding the taxation of inheritance)". The person responsible for the issue is Nina Yuzhanina, the committee chair. She stressed that there were no grounds to speak of an intention to keep the tax police in its former shape. Finance…

Published 8 February 2017. Some rules have changed since; ask us for the current position. The Main Office of the State Fiscal Service (ДФС) in Odesa Region has reminded Ukrainian citizens who work abroad, temporarily or permanently, that they must pay tax on their income: 18% personal income tax and 1.5% military levy. Here is how the tax is paid in more detail. The taxpayer, in this case a Ukrainian citizen working abroad, must file an annual tax return for 2016. Income received in foreign currency (most likely US dollars) is converted into hryvnias at the National…

Published 6 February 2017. Some rules have changed since; ask us for the current position. We recently wrote that the State Fiscal Service of Ukraine (ДФС) is now required to advise taxpayers, and we received a question: when must a sole proprietor (FOP) file a land tax return? Here is the tax authority's answer: land tax is assessed on the basis of data from the State Land Cadastre. This is provided for in paragraph 286.1 of Article 286 of the Tax Code of Ukraine No. 2755-VI of 2 December 2010,…