Law of Ukraine № 2747-IX as of 16.11.2022 "On amendments to the Tax Code of Ukraine regarding exemption from taxation of charitable aid collected by the volunteers" (hereinafter – Law № 2747), which entered into force on 11.12.2022, made the following changes:
- second sentence in Sub-paragraph "b" of Sub-paragraph 165.1.54 Paragraph 165.1 Article 165 of the Tax Code of Ukraine (hereinafter – Code), namely: "Provisions of this Sub-paragraph are also applied to charitable assistance received by the specified benefactors – individuals in reporting tax year preceding year of their entry into Register of Volunteers of the Anti-Terrorist Operation and/or implementation of measures to ensure national security and defense, repel and deter armed aggression of the Russian Federation" is excluded;
- Sub-section 1 Section XX "Transitional provisions" of the Code is amended with Paragraph 31 of the following content:
"31. To establish that provisions of Sub-paragraph "b" of Sub-paragraph 165.1.54 Paragraph 165.1 Article 165 of this Code are also applied to charitable assistance received by the benefactors – individuals who, until 01.01.2023, are included in Register of Volunteers of the Anti-Terrorist Operation and/or implementation of measures to ensure national of security and defense, repel and deter armed aggression of the Russian Federation in a period from February 24, 2022 until the date of their inclusion in the specified Register".
With entry into force of the Law № 2747, provided that the benefactor – individual is registered in Register of Volunteers of the Anti-Terrorist Operation and/or implementation of measures to ensure national security and defense, repel and deter armed aggression of the Russian Federation by 01.01.2023, amount of charitable assistance received by such benefactor – individual in a period from 24.02.2022 is not included in the total monthly (annual) taxable income of such benefactor.
