One of the millionaires declared the profit from income earned from the sale of movable and immovable property in Vinnytsia region. Another – from independent professional activity, the third received inheritance income. This was stated by Ihor Zoria Head of the Individuals taxes and fees department of the Main Directorate of the STS in Vinnytsia region during the briefing.
In total, the number of 821 declarations was submitted during the declaration campaign on incomes received during 2019 to the STS bodies of Vinnytsia region in January 2020. Amount of declared income has exceeded 72.3 million UAH. The number of 475 citizens claimed their right to the tax rebate out of the total number of declarants.
Therefore, according to the results of the first month of the “Declaration-2020” campaign, more than 2.1 million UAH of the personal income tax and 380.6 thousand UAH of the military levy were added to the budget. At the same time, more than 1.2 million UAH of the personal income tax has already been returned to Vinnytsia residents in the form of tax rebate.
Taking opportunity, Ihor Zoria asked the media to remind residents of Podolsk region that the Declaration campaign will last until April 30, 2020 inclusively for those who are obliged to submit their declarations. Instead, tax-eligible citizens will be able to submit their declarations by the end of this year.
As of the taxpayers - residents who travel abroad for permanent residence - they must submit declaration not later than 60 calendar days before departure.
However, if the taxpayer does not have supporting documents regarding the amount of income received from foreign sources and the amount of paid tax in a foreign jurisdiction, issued under Article 13 of the Code – then according to Sub-paragraph 170.11.2 Paragraph 170.11 Article 170 of the Code, such taxpayer is obliged to submit application for postponement of the deadline for submitting declaration to the supervisory authority at its tax address. Postponement is possible until the 31st of December of the year following the reporting year. Application must be submitted by 01.05.2020 (deadline for submission of the declaration).