As of the 1st of July 2020, the total amount of personal income tax for reimbursement is 7.8 million UAH.
Reminder! The taxpayer has the right to include in the tax rebate in the reduction of taxable income as a result of reporting year 2019 costs, the list of which is defined by Paragraph 166.3 Article 166 of the Tax Code of Ukraine, namely:
- part of the interest amount paid for the use of a mortgage loan;
- donations or charitable contributions to the non-profit organizations;
- amount of funds paid in favor of the educational institutions to compensate for the cost of education;
- insurance payments (contributions, premiums) under the long-term life insurance contracts and pension contributions within the framework of non-state pension provision;
- amount of costs for the payment of assisted reproductive technologies;
- amount of expenses for the payment of public services related to the adoption of a child, including payment of state duties;
- amount of funds paid in connection with the re-equipment of vehicle;
- amount of costs for the payment of expenses for the construction (purchase) of affordable housing, as defined by the law, including the repayment of preferential mortgage loans granted for such purposes and interest thereon;
- amount of funds in the form of rent under the lease agreement (apartment, house), executed in accordance with the requirements of applicable law, actually paid by the taxpayer who has the status of an internally displaced person.
Please note that the Law of Ukraine as of 16.01.2020 № 466-IX “On Amendments to the Tax Code of Ukraine to improve tax administration, eliminate technical and logical inconsistencies in tax legislation” amended Sub-paragraphs 166.2.1 and 166.2.2 of Paragraph 166.2 Article 166 of the Tax Code of Ukraine (hereinafter – the TCU).
In accordance with the specified amendments, the list of documents confirming the costs included in the tax rebate (payment and settlement documents, particularly, receipts, fiscal or commodity checks, income cash orders identifying the seller of goods (works, services) and the individual who applies for a tax rebate, as well as their buyer (recipient), as well as copies of contracts, if any, which must reflect the cost of such goods (works, services) and the term of payment for such goods (services).
It is also established that copies of these documents (except for electronic settlement documents) are provided with the property and income declaration and originals of these documents are subject to storage by the taxpayer during the statute of limitations established by the TCU.
If the relevant documents are confirmed by an electronic settlement document, the taxpayer shall indicate only details of the electronic settlement document in the tax declaration.
Thus, individuals – personal income tax payers, who in order to use the right to obtain a tax rebate will submit property and income declarations after May 23, 2020 must also provide copies of documents proving expenses included in the tax rebate with the tax declaration.
Citizens who are entitled to obtain a tax rebate according to the results of 2019 – can submit declaration until December 31, 2020 inclusively.
Subject to quarantine measures, the declaration can be submitted by mail or electronic means using the Electronic cabinet.
To submit the property and income tax declaration in electronic form, we suggest you watch the video tutorial at the following links:
https://tax.gov.ua/media-tsentr/videogalereya/videouroki/5977.html
https://www.youtube.com/watch?v=YOhECvfE0Z4
https://www.facebook.com/107383900636180/videos/14078388594189