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What is the levy rate for one-time (special) voluntary declaration applied by declarant if payment of the specified levy is made in three equal parts?

published 21 September 2021 at 13:56

According to Paragraph 8 Sub-section 9 Copy 4 Section XX “Transitional Provisions” of the Tax Code of Ukraine as of 02.12.2010 № 2755-VI with changes and amendments (hereinafter – the TCU), amount of levy for the one-time (special) voluntary declaration (hereinafter – the Levy) for declared objects is determined by applying to Levy’s accrual base the following rates, determined according to Paragraph 7 Sub-section 9 Copy 4 Section XX “Transitional Provisions” of the TCU:

5% rate, alternatively, the taxpayer may choose rate of 6% with payment of tax liability in three equal parts annually;

9% rate, alternatively, the taxpayer may choose rate of 11.5% with payment of tax liability in three equal parts annually;

2.5% rate, alternatively, the taxpayer may choose rate of 5% with payment of tax liability in three equal parts annually.

In addition, the Levy’s rate of 7% is applicable that temporarily from 01.09.2021 to 01.03.2022 according to Paragraph 19 Sub-section 9 Copy 4 Section XX of the Code. Alternatively, the taxpayer may choose 9.5% rate with payment of tax liability in three equal parts annually.

As follows, if an individual chooses to pay Levy for the one-time (special) voluntary declaration in three equal parts, then such individual applies an alternative Levy rate depending on the declared objects.

If declarant chooses within the one-time (special) voluntary declaration the Levy rate for one-time (special) voluntary declaration, which provides for payment of such Levy rate in three equal parts, the payment for one-time (special) voluntary declaration is made by declarant: first payment – within 30 calendar days from the date of submission of one-time (special) voluntary declaration; second payment – until November 1, 2023; third payment – until November 1, 2024 (Second paragraph of Paragraph 12 Sub-section 9 Copy 4 Section XX of the Code).