Citizens’ interest in the one-time declaration is growing

STS receives a significant number of appeals from business entities and citizens regarding mechanism of the one-time (special) voluntary declaration, which indicates the public interest in conducting such campaign. This was stated by Deputy Director of the Tax administration department – Head of Department of the personal income tax administration and taxes of self-employed individuals of the STS Tetiana Migas during conference “Tax amnesty: coming out of the shadows”.

“Tax service implements norms of the law on tax amnesty as much as possible. Citizens’ interest in the one-time voluntary declaration is already felt in the number of declarations, which is increasing every week. Both value of declared assets and amounts declared by taxpayers for payment increase” – emphasized Tetiana Migas.

She noted that individual – resident, who may be a declarant, voluntarily decides to participate in the tax amnesty. Declaration is submitted exclusively in electronic form, has a convenient form to fill out, its sections clearly indicate which assets are subject to declaration.

The law also provides for two audit types of declarations: internal (conducted in a special manner) and unscheduled documentary.

“Internal audit automatically checks arithmetic and logical errors in the process of filling in the declaration. Today we can state the fact that there are almost no such errors. If they are detected, the STS communicates with taxpayer exclusively in the electronic format – sends a notification” – stated Tetiana Migas.

According to her, a notification may be sent if amount of levy indicated in declaration is understated or overstated. This may be due to an incorrect application of the one-time rate of levy or an incorrect amount due to incorrect date of exchange rate. Payer has opportunity to submit a clarifying declaration and pay or refund the overstated or overpaid amount of levy for the one-time (special) voluntary declaration.

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