Representatives of the State Tax Service of Ukraine answered questions regarding specifics of determining the minimum tax liability

Representatives of the State Tax Service took part in a webinar on the procedure for determining the minimum tax liability for legal entities and individuals, organized by the All-Ukrainian Agrarian Council.

During the event, calculation specifics of the minimum tax liability, procedure for forming amount of paid taxes, collection of payments and costs for renting land plots, which must be taken into account calculating the minimum tax liability, were explained. 

Specialists of the State Tax Service focused on the fact that for owners, tenants and users of land plots classified as agricultural land, the first year for determining the minimum tax liability is 2022.

They also informed about changes to the tax declaration forms, which are amended with annex, which allows to reflect calculation of the minimum tax liability and provided practical recommendations on the procedure for filling in such annex.

During the event, representatives of the State Tax Service answered questions asked by enterprises, taking into account specifics of their activities, using examples. Reminder! Communication tax platforms operate in bodies of the State Tax Service for operational communication with business. It is also possible get explanation by calling the "hotlines" of territorial bodies of the State Tax Service and at its Contact Center.