Honorable taxpayers!

State Tax Service of Ukraine reminds that starting from January 2023 for financial institutions that carry out trade in currency values in cash form (currency exchange) there is established obligation to pay fixed amount of advance income tax contribution for each foreign currency exchange point entered in Register of foreign currency exchange points as of the 1st of the current month, which is maintained by the National Bank of Ukraine.

Deadline for payment is monthly (not later than the last operating (banking) day of the current month).

Law of Ukraine № 2720-ХХ as of 03.11.2022 "On amendments the Tax Code of Ukraine and other laws of Ukraine regarding the taxation specifics trading in currency values in cash form" establishes that amount of advance payments will depend on statistical data on the population, published on the web portal of specially authorized central executive authority in statistics sphere as of January 1 of the year preceding the current year, in settlement where such exchange point is located.

Taking into account the above specified, amount of advance payment in January 2023 will depend on the population as of January 1, 2022 in settlement where such exchange point is located.

Please note that according to information posted on the website of the State Statistics Service of Ukraine in section "Statistical information" / "Open data format" / "Population and migration" / "Number of available population (estimated) by regions, districts, territorial communities and settlements"/"on January 1, 2022", number of existing population is indicated, in particular, in section of codes according to the Codifier of administrative and territorial units and territories of territorial communities, approved by Order of the Ministry for Development of Communities and Territories of Ukraine № 290 as of 26.11.2020 (as amended by Order of the Ministry for Development of Communities and Territories of Ukraine № 3 as of 12.01.2021), with changes.

As follows, in order to correctly determine population in settlement in which the foreign currency exchange point is located and amount of advance income tax payment, it is necessary to identify such settlement taking into account codes of administrative and territorial units and territories of territorial communities where such points are located.