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

Paragraph 8 Sub-section 9⁴ Section XX “Transitional Provisions” of the Tax Code of Ukraine as of 02.12.2010 № 2755-VI with changes and amendments (hereinafter – TCU) stipulates that amount of levy for the one-time (special) voluntary declaration (hereinafter – Levy) for declaration objects is determined by applying to Levy’s accrual base the following rates, determined according to Paragraph 7 Sub-section 9⁴ Section XX “Transitional Provisions” of the TCU:

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

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

2.5%, alternatively the taxpayer may choose 3% rate with payment of tax liability in three equal parts annually;

In addition, Paragraph 19 Sub-section 9⁴ Section XX “Transitional Provisions” of the TCU stipulates that temporarily from 01.09.2021 to March 01.03.2022 the Levy rate, specified in Sub-paragraph 8.2 Paragraph 8 Sub-section 9⁴ Section XX “Transitional Provisions” of the TCU, is applicable at 7% rate. Alternatively the taxpayer may choose 9.5% rate with payment of tax liability in three equal parts annually.

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

At the same time please note that if declarant chooses within the one-time (special) voluntary declaration rate of Levy, which provides for payment of such payment in three equal parts, subsequently payment of Levy is made by the declarant: first payment – within 30 calendar days from the date of submission of the one-time (special) voluntary declaration; second payment – until 01.11.2023; third payment – until 01.11.2024 (Second clause of Paragraph 12 Sub-section 9⁴ Section XX “Transitional Provisions” of the TCU).

More information is in the “Knowledge Base” of public information and reference resource.