Paragraph 271.1 of Article 271 of the Tax Code of Ukraine stipulates that basis of the land tax taxation is the normative monetary valuation of a land plot, taking into account indexation coefficient, determined according to procedure established by Section XIII of the Code, and area of the land plot, the normative monetary valuation of which has not been carried out.
In case that the land plot is located outside the settlement, and the normative monetary valuation of it was not carried out, the normative monetary valuation of a unit of arable land area in the region is used to calculate the land tax.
Particular attention should be paid to indexation coefficient of the normative monetary valuation for agricultural land, which is 1.0 in 2022-2023.
At the same time, for land plots that do not belong to agricultural land (for example, industrial, communication, transport land), the normative monetary valuation of which has not been performed, but value equivalent of the normative monetary valuation of arable land in the region is used as a taxation basis, tax land tax liabilities are calculated using the indexation factor determined according to legislation for such lands.
This rule must be applied in the following tax periods as well, if in the future different coefficients of indexation of the normative monetary valuation will be established for agricultural lands and other lands.