How can the declarant calculate basis for accrual of levy for the one-time (special) voluntary declaration regarding currency values?
Press service of the State Tax Service of Ukraine , published 26 October 2021 at 08:30 Chapter: News
Sub-paragraph “a” Sub-section 94 Section XX the Tax Code of Ukraine (hereinafter – the TCU) and Sub-paragraphs 14.1.280, 14.1.281 Paragraph 14.1 Article 14 of the Code stipulate that objects of the one-time (special) voluntary declaration may be individual’s assets owned by the declarant (including joint partial or joint common ownership right) and are (registered, in circulation, registered, etc.) on the territory of Ukraine and / or abroad as of the date of submission of the one-time (special) voluntary declaration, including currency values (bank metals, except for those not placed on the accounts, national currency (UAH) and foreign currency, except for cash and monetary claims (including deposit), funds borrowed to third parties under the loan agreement), drawn up in writing form with a legal entity or notarized in the case of declarant’s claim right towards another individual.
Paragraph 7 Sub-section 94 Section XX “Transitional provisions” of the TCU determines basis for accrual of levy for the one-time (special) voluntary declaration based on specific declaration objects.
Basis for accrual of levy for the one-time (special) voluntary declaration is the monetary value of relevant declaration object or the nominal value of monetary claim, including loans granted to third parties according to Paragraph 7.1 Sub-section 94 Section XX “Transitional provisions” of the TCU for the declaration object defined in Sub-paragraph “a” of Paragraph 4 Sub-section 94 Section XX “Transitional provisions” of the TCU.
If such monetary value is determined in foreign currency, the value of such currency values is indicated in UAH at the official exchange rate of the national currency to relevant type of currency values determined by the National Bank of Ukraine (hereinafter – NBU) as of the date of one-time (special) voluntary declaration. If such monetary value is determined in the form of bank metals, its value is indicated based on the weight and book price of bank metals calculated by the NBU as of the date of declarant’s submission of the one-time (special) voluntary declaration.
Declarant is obliged to document monetary value of such objects for calculation of levy for the one-time (special) voluntary declaration by attaching duly certified copies of documents confirming value of the declaration objects to the one-time (special) voluntary declaration.