Paragraph 1 Sub-section 94 Section XX of the Tax Code of Ukraine (hereinafter – Code) stipulates that the one-time (special) voluntary declaration is a special procedure for voluntary individual’s declaration, defined in Paragraph 3 of this Sub-section, of assets located on the territory of Ukraine and/or outside its borders, if such individual’s assets were received (purchased) by such individual for income that was subject to taxation in Ukraine at the time of their accrual (receipt) and from which taxes and levies were not paid or not in full amount according to legislative requirements on taxation and/or international treaties, binding consent of which has been given by the Verkhovna Rada of Ukraine, and/or which have not been declared in violation of tax and currency legislation, control over compliance with which is entrusted to the controlling bodies, during any of tax periods that took place before January 1, 2021.
As follows, if individual owns immovable property that was purchased at the expense of funds from which all taxes and levies stipulated by norms of current legislation were paid, then the obligation to submit the one-time (special) voluntary declaration does not arise for such individual.
