Verkhovna Rada of Ukraine adopted the draft law aimed at supporting business during the period of preventive measures against the spread of coronavirus in Ukraine

Press service of the State Tax Service of Ukraine, published 17 March 2020 at 16:33 Chapter: News

Today, Verkhovna Rada of Ukraine adopted the draft law № 3220 “On Amendments to the Tax Code of Ukraine and other laws of Ukraine on support of taxpayers for the period of measures aimed at preventing the occurrence and spread of the coronavirus disease (COVID-19)”.

 The draft law amends the following:

-          introduction of exemption from penalties for violation of the tax legislation committed during the period from March 1 to 31 May, 2020. This exemption will not be applied to the rules regarding the accrual, declaration, payment of the  VAT, excise tax and rent, as well as violations of rules regarding accounting, production and turnover of fuel or alcohol in excise warehouses used on a common basis, the alienation of property in the tax lien, without the consent of the supervisory authority;

-          exemption from penalties applied for late or incomplete payment of the SSC, as well as late submission of the SSC reporting over the periods from March 1 to 31 and from April 1 to 30, 2020;

-          taxpayers will not get penalties for the period from March 1 to May 31, 2020, as well as taxpayers the of  single social contribution for the period from March 1 to April 30, 2020;

-          moratorium on documentary and factual audits from March 18 to May 31, 2020 (except for audits regarding the budgetary reimbursement). Audits that were initiated by March 18, 2020 and have not been completed are temporarily suspended for the specified period. By March 30, 2020 the STS will publish an updated audit schedule. Documentary audits of the SSC are suspended for the period from March 18 to May18, 2020;

-          extended the deadline for submitting the annual property and income declaration until July 1, 2020. Amount of payable tax liability should be paid by October 1, 2020;

-          payment for the land and land plots, property or usage, including rent by individuals or legal entities and used by them for business activities is not accrued or paid over the period of March 1 to April 30, 2020. Herewith, the land tax payers (other than individuals) have the right to file a clarifying tax declaration that reflects changes in land tax liability for the corresponding months;

-          non-residential real estate owned by individuals or legal entities is not subject to the real estate tax other than land, from March 1 to April 30, 2020;

-          temporarily for the period from March 1 to 31 and from April 1 to 30, 2020 individuals and entrepreneurs, including those who are registered on the simplified taxation system, members of farms and individuals, shall be exempted from charging and paying the single social contribution for “themselves” involved in independent professional activity;

-          implementation of the software RCO is postponed until August 1, 2020 – specifically, expansion of the RCO for certain activities – until January 1, 2021 and until April 1, 2021 mandatory introduction of the RCO for all taxpayers of the Group II – IV is postponed.

Information from the draft law № 3220 as of 16.03.2020, adopted by the Verkhovna Rada of Ukraine on 17.03.2020, according to the text posted on the VRU website is by the link: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=68402