Less than two months left to take advantage of right to the tax rebate. It is needed to submit property and income tax declaration by December 31 to receive compensation for part of the funds from the budget.
This year, the rebate is provided for 2024. If declaration is not submitted on time, right to receive it is lost. The main condition is official employment and the personal income tax payment.
Expenses included in the tax rebate:
- Tuition payment – for oneself or family members of the first degree or a person over whom guardianship or care has been established, if the funds are paid to Ukrainian educational institutions.
- Donations and charitable contributions – in the form of donations or charitable contributions to the non-profit organizations, but not more than 4% of total income.
- Payment for using a mortgage loan – part of interest amount for using the loan.
- Insurance payments and pension contributions – under the long-term life insurance contracts, non-state pension provision, under the pension contract with the non-state pension fund.
- Expenses for assisted reproductive technologies – payment for assisted reproductive technologies, but not more than amount equal to one third of income in the form of salary for the reporting tax year.
- Payment for public services – cost of public services related to the adoption of a child, including payment of the state duty.
- Expenses for vehicle conversion – amount of costs for converting vehicle to use mixed motor fuel, bioethanol, biodiesel, compressed or liquefied gas and other types of biofuels.
- Expenses for construction (purchase) of affordable housing – amount of expenses for paying for the construction (purchase) of affordable housing.
- Housing rental expenses – for internally displaced persons (under certain conditions).
- Expenses for the acquisition of shares of the Diia City company – expenses for the acquisition of shares issued by a legal entity that has acquired status of the Diia City resident.
Supporting documents must be attached to the declaration, depending on the type of incurred expenses.
Ways to submit the declaration:
- in person or by authorized person to the State Tax Service’s authority at the registration place;
- by mail with a delivery notification and description of the attachment;
- through the payer’s Electronic cabinet.
Don't miss the opportunity to get back some of the spent funds. Submit your tax declaration on time.
How to submit declaration:
https://tax.gov.ua/en/mass-media/news/866523.html
How to receive tax discount:
https://tax.gov.ua/en/mass-media/news/870408.html
Tax rebate for charity:
https://tax.gov.ua/en/mass-media/news/888326.html
Tax rebate for education: