Main Directorate of the STS in Ivano-Frankivsk region reported that the budget received 4.8 million UAH of the PIT and 404 thousand UAH of the military levy from interest accrued on the amount of bank deposits or current accounts of the Trans Carpathian taxpayers during January-February 2020. Of these, more than 3 million UAH was paid by the depositors of Ivano-Frankivsk city; almost 400 thousand UAH by depositors of Dolyn region; more than 200 thousand UAH by depositors of Kolomyia and Kosiv region.
It should be reminded that income in the form of interest accrued on the amount of bank deposits or current accounts, savings (deposit) certificates, deposits of members of the credit union in the credit union – is subject to the personal income tax at the rate of 18% and military levy at the rate of 1.5% according to norms of Paragraph 170.4 Article 170 of the Tax Code of Ukraine.
Taxpayer’s tax agent at the time of accrual in his/her interest income is an individual who makes such accrual, it means a banking institution.
Accrued taxes are paid to the budget by the tax agent within 30 calendar days after the month of accrual of income.
In addition, tax agents – banks reflect the total amount of interest accrued on the current or deposit bank account in the tax period and the total amount of tax withheld from them in tax calculation in the form of 1-DF.
Herewith, information on the amounts of individual bank deposit or current account, amount of accrued interest, as well as information on the individual – taxpayer to whom such income is accrued is not indicated in tax calculation in the form of 1-DF.