Main Directorate of the STS in Cherkasy region summarized results of the Declaration campaign 2020.
According to Head of the Individuals taxes and fees department of the Main Directorate of the STS in Cherkasy region Mykola Kyslynskyi, the number of 31154 property and income declarations for 2019 were received from declarants and processed as of July 1, 2020. Total amount of income declared by Cherkasy residents is 1.6 billion UAH, of which they will independently pay 62.3 million UAH of the personal income tax and 7.2 million UAH of the military levy for 2019. Last year, 28260 residents of the region declared their income for almost 1.3 billion UAH.
According to the tax reporting analysis, the taxpayers who declared income for 2019 in a timely manner, mostly received:
income from the sale of movable and immovable property;
income from leasing, renting (sublease), housing rent (sublease);
investment income;
income from inherited or donated property;
foreign income and others.
Mykola Kyslynskyi stated that in 2020, the number of 131 residents of Cherkasy region declared income of more than 1 million UAH totaling 512.1 million UAH. Of these, the biggest number of millionaires lives in Cherkasy city – 51, in Uman city – 10, in Smila – 8 and in Kaniv – 7.
The youngest resident of region is 24 years old, who reflected in declaration received in 2019 million income from the sale of real estate. The oldest declarant, who in 2019 received income from leasing his own property in the amount of more than 1 million UAH, turned 83 years old in May.
According to Mykola Kyslynskyi, 2576 citizens claimed the right to obtain a tax rebate for 2019. According to the data specified in the submitted declarations, the amount of 7.4 million UAH of personal income tax is subject to reimbursement. 2.9 million UAH was reimbursement to such citizens during January – June 2020.
At the same time, he reminded that citizens will be able to use a tax rebate for 2019 by applying to the tax bodies at the place of residence, until December 31, 2020 inclusively. If citizens do not use the right to accrue a tax rebate for the end of tax year by the end of 2019, this right will not be transferred to subsequent tax years.
Mykola Kyslynskyi also drew attention to the fact that in connection with the extension until July 1, 2020 of the deadlines for citizens and self-employed individuals to submit property and income tax declarations for 2019 – the deadlines for the personal income tax payment and military levy determined by the declarants in tax declarations are postponed. They must be paid by October 1, 2020 (according to the Law of Ukraine as of 17.03.2020 № 533-IX “On Amendments to the Tax Code of Ukraine and other Laws of Ukraine to support taxpayers for the period of measures to prevent the emergence and spread of coronavirus disease ((COVID-19)).