In connection with amendments made by 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” to Paragraph 46.2 Article 46 of the Tax Code of Ukraine – provision on submission of report on the use of income (profits) of a non-profit organization and annual financial reporting by trade unions, their associations and trade union organizations was removed only in case of violations of Paragraph 133.4 Article 133 of the Tax Code of Ukraine.
As follows, trade unions, their associations and trade union organizations – non-profit organizations are not exempted from reporting on the results of 2020 and are required to report on the use of income (profits) of non-profit organizations and annual financial reporting in general.