Taxpayers – individuals please note that new form of property and income tax declaration (hereinafter – declaration) is introduced from 01.01.2022, approved by Order of the Ministry of Finance of Ukraine as of 17.12.2020 № 783 “On amendments to Order of the Ministry of Finance of Ukraine as of 02.10.2015 № 859”, registered in the Ministry of Justice on 28.12.2020 № 1295/35578 (hereinafter – Order № 783).
New declaration form provides for combining personal income tax reporting and single contribution to obligatory state social insurance (hereinafter – single contribution), as well as declaring part of profits of controlled foreign company (hereinafter – CFC).
Declaration form in the wording of Order № 783 has been amended with new annexes:
1) SSC 1, SSC 2 and SSC 3 – for single contributors of self-employed individuals (except for individuals on the simplified taxation system) and individuals who paid voluntary contributions provided by the agreement on voluntary participation in system of obligatory state social insurance;
2) CFC – for payers who have obligation to declare income of controlled foreign company according to Paragraph 170.13 Article 170 of the Tax Code of Ukraine.
Herewith, Paragraph 54 Subsection X “Transitional Provisions” of the Tax Code of Ukraine establishes peculiarities of provisions of the controlled foreign company income tax during transition period, namely: the first reporting (tax) year for the CFC report is 2022 (if reporting year does not correspond to the calendar year 2022).
As follows, individuals – taxpayers do not fill in annex to tax declaration of controlled foreign company for the reporting period 2021.
Communicate with the State Tax Service remotely using the “InfoTAX” service
