Personal income tax remains an important source of filling both state and local budgets.
Taxpayers paid 4.4 billion UAH of the personal income tax to budgets of all levels during January – May 2020, which is 270.8 million UAH or 6.5% more than during the same period in 2019.
Of the total amount, 1.1 billion UAH of this tax was paid to the state budget, which is 59.7 million UAH or 5.6% more than in 2019.
3.3 billion UAH was paid to local treasuries, which is 211.1 million UAH or 6.8% more than during the same period in 2019.
One of the sources of personal income tax is the annual declaration of income received by citizens during the past year. In 2020, citizens declare and pay income tax received during 2019.
It should be reminded that the Law of Ukraine as of 17.03.2020 № 533-IX “On amendments to the Tax Code of Ukraine and other laws of Ukraine on support taxpayers for the duration of measures aimed to prevent the occurrence and spread of coronavirus disease (COVID-19)” determined that the property and income declaration, defined by Article 179 of the TCU, is submitted before July 1, 2020 excepting cases provided in Section IV of the TCU, when such declaration may be submitted later than the specified period. In this case, requirements of the Sub-paragraph 49.18.4 Paragraph 49.18 Article 49 of the TCU in 2020 are not applicable.
An individual is obliged to pay the amount of tax liability specified in the property and income declaration submitted by him / her by October 1, 2020. In this case, the first paragraph of Paragraph 179.7 Article 179 of the TCU is not applicable in 2020.