Declaration campaign - 2020 has started

Campaign for declaring income that citizens earned over 2019 has been started since the beginning of 2020.

The taxpayer can choose a convenient way of submitting the tax declaration on property and income (hereinafter - the declaration):

-          personally or by the authorized individual;

-          by mail with delivery note and attachment description;

-          by electronic means of communication in the electronic form, in compliance with the requirements of the laws on electronic workflow.

The deadline for submission of declaration for the reporting (tax) year 2019 is 30.04.2020.

If the tax declaration is sent by mail, the taxpayer is obliged to make such submission not later than five days before the deadline for filing the tax declaration and for filing the tax declaration in electronic form – not later than the end of the last hour of the day when such a deadline expires.

Submitting the tax declaration by means of electronic communication, citizens can use the electronic service in the “E-cabinet” which provides partial automatic filing of the declaration based on the taxpayer’s credentials, information on accrued (paid) income available in the State Register of Individuals - Taxpayers and information on the real estate (movable) property.

It should be reminded that the obligation to submit the taxpayer’s declaration arises upon the receipt of:

-          income not from the tax agents (that is, from other individuals who are not registered as self-employed). In particular, such income includes income from the leasing of movable or immovable property to other individuals; inheritance of property not from family members of the first and second degrees of kinship, at the notary registration of the inheritance for which the personal income tax and military levy were not paid, etc .;

-          income from the tax agents that wasn’t taxed upon the payment and is not exempted from taxation. In particular, such income includes income in the form of the principal amount of debt (credit) of the taxpayer forgiven (canceled) by the creditor by his / her own decision, not related to the bankruptcy procedure, before the expiration of the limitation period, if its sum exceeds 25 percent of one minimum wage (calculated per year) as of January 1 of the reporting tax year, as well as investment income;

-          foreign income;

-          and in other cases stipulated by the Code.

At the same time, it should be reminded that the taxpayers have right to declare the right for the tax rebate, in accordance with Article 166 of the Tax Code of Ukraine, by submitting the declaration by 31.12.2020.