Tax amnesty: officials of the State Tax Service provided answers to topical questions

Press service of the State Tax Service of Ukraine, published 10 December 2021 at 10:54 Chapter: News

Taxpayers had opportunity to put various questions about the one-time (special) voluntary declaration to representatives of the State Tax Service during online conference of the Ukrainian Bar Association “Step-by-step amnesty: questions and answers”.

Deputy Director of the Tax administration department – Head of Department of the personal income tax administration and taxes of self-employed individuals of the STS Tetiana Migas and Head of Unit of the one-time (special) voluntary declaration of individuals’ assets of the Tax administration department of the STS Vladyslav Voinov explained in detail main aspects of the one-time declaration mechanism.

Tetiana Migas reiterated that the STS will not check origin source of assets that citizen indicated in the one-time declaration.

“Payer independently determines amount of assets from which taxes were not paid and amount of payable one-time levy. STS accepts certain value and will not require supporting documents from payer if it is Ukrainian assets” – stated Tetiana Migas.

As of foreign assets, the payer is obliged to provide relevant documents.

Given the numerous requests for checkouts conducted as a result of analysis of submitted declarations, Tetiana Migas emphasized that the STS conducts internal and unscheduled documentary audits. At the same time, only logical and arithmetic errors in declarations are checked during internal audits, which, as practice shows, are practically non-existent.

STS has a right to ask the declarant to confirm ownership of declared assets, or in case of discrepancies with available information in the databases. If payer does not respond to request, an unscheduled documentary audit will be conducted.

“Conditions under which the STS may provide information about the payer are clearly defined in Article 17 of the Tax Code of Ukraine. STS’s officials are personally responsible for disclosure of such information, there is criminal, administrative and disciplinary liability” – specified Tetiana Migas.

Officials of the STS provided answers to questions about the possibility of declaring cryptocurrency, inheritance received from abroad, possibility of using procedure of the one-time declaration by individuals – entrepreneurs and more.

Many questions concerned declaration of movable and immovable property. In particular, it was noted that payer independently determines value of property, which will be subject of the one-time declaration and amount from which taxes were not paid. It is from this tax-free value that the one-time levy is calculated.

Peculiarities of declaring assets received in 2020 but spent on the purchase of movable and immovable property in 2021 were also among asked questions. According to representatives of the STS, in this case the purchased property is declared.

Communication on this topic will be continued in the format of questions and answers, which will be published on the STS’s resources. There will also be a detailed explanation of how to obtain information about the personal income of a person registered at the STS.

Taking into account growing interest in the one-time declaration procedure, the STS will continue to actively explain mechanism of tax amnesty.

More details regarding procedure of the one-time (special) voluntary declaration can be found here.

Communicate with the State Tax Service remotely using the “InfoTAX” service