Individual taxes and fees department of the Main Directorate of the STS in Kherson region, Autonomous Republic of Crimea and Sevastopol informed that 20 citizens submitted declarations of income earned abroad in 2019 as of 31.03.2020. Declarants declared 2.6 million UAH of the last year’s foreign income. Taxpayers independently determined tax liabilities for payment of the personal income tax in the amount of 0.5 million UAH and 38.5 thousand UAH of the military levy. Mainly foreign income was received by taxpayers in Poland, the USA, the United Kingdom, Canada, Estonia, Cyprus and Germany.
Reminder: citizens who received foreign income in 2019, according to Sub-paragraph 170.11.1 Paragraph 170.11 Article 170 of the Tax Code of Ukraine (hereinafter referred to as the TCU) are obliged to submit the annual property and income tax declaration. Amount of such income is included in the taxpayer’s annual taxable income and is taxed with the personal income tax at the rate of 18% and military levy at the rate of 1.5%.
According to the first paragraph 1 of Sub-paragraph 170.11.2 Paragraph 170.11 Article 170 of the Tax Code, the taxpayer has the right to reduce the amount of annual tax liability by the amount of taxes paid abroad, according to the norms of international treaties, the consent of which is provided by the Verkhovna Rada of Ukraine.
Taxpayer must determine the amount of such reduction according to specified reasons in the annual tax declaration. This is only possible if you receive a certificate on the amount of paid tax and fee, as well as on the base and / or object of taxation from the authorized state body of the country where income was received. Certificate must be legalized unless otherwise is provided by the applicable international treaties of Ukraine.
Attention! Term for submission of property and income declaration for 2019 has been extended to July 1, 2020!
