Should the declarant open current account with a special regime of use for the one-time (special) voluntary declaration, if funds that declarant wishes to declare are already placed on current bank accounts?
Paragraph 9 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 for the one-time (special) voluntary declaration, the declarant must place funds in national and foreign currencies in cash and / or bank metals on current accounts with a special regime of use in Ukrainian banks (hereinafter – special accounts) before submitting the one-time (special) voluntary declaration.
Declarant in order to ensure compliance with provisions of Paragraph 9 Sub-section 94 Section XX “Transitional Provisions” of the TCU applies to the bank to open special account. Procedure for opening, closing, crediting funds to special account and exercising control over operations on an account is established by the National Bank of Ukraine.
As follows, provisions of Paragraph 9 Sub-section 94 Section XX “Transitional Provisions” of the TCU are applicable only to funds in national and foreign currencies in cash and therefore are not applicable to funds that are already placed by the declarant on current bank accounts.
More information is in the “Knowledge Base” of public information and reference resource
