Deadlines for submitting property and income tax declaration

Declaration campaign – 2024 is ongoing. Citizens and individuals-entrepreneurs must report on income received during the past year within time limits specified by the law.

Deadlines for submitting declaration are:

- by May 1 of year following reporting year for individuals-entrepreneurs (except for individuals who chosen simplified taxation system), individuals involved in independent professional activity and citizens.

If the last day of deadline for submitting tax declaration falls on a weekend or holiday, then the last day of deadline is operating (banking) day that follows the weekend or holiday (Paragraph 49.20 Article 49 of the Tax Code of Ukraine (hereinafter – Code)).

Importantly! Provided that the taxpayer does not have supporting documents regarding amount of income received from foreign sources and amount of tax paid by such taxpayer in a foreign jurisdiction, issued according to Article 13 of the Code, then according to Sub-paragraph 170.11.2 Paragraph 170.11 Article 170 of the Code, such payer is obliged to submit to the controlling body at tax address application for the postponement of deadline for submitting tax declaration until December 31 of year following reporting year;

- during 20 calendar days of month following calendar month in which state registration of termination of entrepreneurial activity of individual-entrepreneur was carried out by his/her decision – for individuals-entrepreneurs (except for individuals who chose simplified taxation system) in case of termination of entrepreneurial activity.

Importantly! In case of state registration of termination of entrepreneurial activity of individual-entrepreneur by his/her decision, the last basic tax (reporting) period is period from the day following end of previous basic tax (reporting) period to the last day of calendar month in which state registration of termination entrepreneurial activity was carried out;

- not later than 60 calendar days prior to departure for residents moving abroad for permanent residence;

- until December 31 (inclusively) of year following reporting year – for individuals who are entitled to tax discount.

We urge citizens do not delay and declare their income on time.