133 thousand citizens exercised right for the tax rebate
Press service of the State Tax Service of Ukraine , published 06 December 2021 at 15:24 Chapter: News
More than 133 thousand citizens submitted declarations of property and income received in 2020 in order to receive the tax rebate as of 01.12.2021. Declarants determined 399.6 million UAH for budgetary reimbursement. More than 150 thousand people exercised their right for the tax rebate during 2020, declaring 389.2 million UAH for reimbursement.
Average amount of the personal income tax, which was declared in 2021 for budgetary reimbursement in connection with use of right for the tax rebate, per person is 3 thousand UAH. This figure amounted to 2.6 thousand UAH in 2020.
Reminder! In order to receive the tax rebate, citizens must submit income tax declaration for the previous year by 31.12.2021 inclusively.
Tax rebate for individuals who are not registered as business entities is a documented amount (value) of expenses of a resident taxpayer in connection with the purchase of products (works, services) from residents – individuals or legal entities during the reporting year, which is allowed to reduce its total annual taxable income received as a result of such reporting year in the form of wages, in cases specified by the Tax Code of Ukraine.
Tax rebate includes expenses actually incurred by taxpayer during the reporting tax year, confirmed by relevant payment and settlement documents, including receipts, fiscal or commodity checks, profitable cash orders identifying the seller of products (works, services) and person applying for the tax rebate their buyer (recipient), as well as copies of contracts, if any, which must reflect value of such products (works, services) and payment term for such products (works, services).
Please note that right to receive the tax rebate is not carried over to the following years, so to receive a rebate for 2020 there is an obligation to submit declaration by the end of December 2021.
Read more about getting the tax rebate here.
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