Taxation peculiarities during the martial law – joint webinar of the State Tax Service and Association of Taxpayers of Ukraine

State Tax Service and Association of Taxpayers of Ukraine continue series of joint webinars for taxpayers regarding current taxation issues during the martial law.

During today's event, participants considered issue of declaring corporate income tax, correctness of filling out declaration, formation of its indicators and peculiarities of submitting declaration for three quarters of 2023.

Representatives of the State Tax Service, in particular, provided explanation regarding reflection in income tax declarations of differences related to the write-off of bad debts and debts to non-residents from the aggressor country; commented on order of reflection of property write-off operations, including non-current assets that were destroyed, transferred free of charge to needs of the Armed Forces of Ukraine and/or to victims; tax accounting of non-current assets that are temporarily not used by the enterprise.

In part of the value added tax, it was about taking into account volumes of operations carried out during the period of stay on the simplified taxation system, for purposes of mandatory registration as the VAT payer; formation of tax credit during the martial law; period of registration of tax invoices by the VAT payer in the Unified Register of Tax Invoices compiled for supply of products/services carried out before transition to the simplified system and not registered in the Unified Register of Tax Invoices before such transition, etc.

In addition, participants of event were explained specifics of paying tax on immovable property other than land plot by legal entities in Ukraine during the martial law.

Reminder! Communication tax platforms operate in bodies of the State Tax Service for operational communication with business. It is also possible to get explanation by calling “hotlines” and at Contact Center of the State Tax Service.

In addition, web portal of the State Tax Service has "Online education" section, which contains useful tax information for taxpayers. The section is posted at the link https://tax.gov.ua/baneryi/onlayn-navchannya.