Every year, within the specified period, citizens must submit declarations of their property status and income for the past year to the tax inspectorates. In 2022, the deadline for filing the declaration was May 2. However, the war has made its own adjustments. These are official wages, sale of property with notarization, interest on deposits, etc.
Individuals must file a declaration and pay tax if they received:
- income from the rental of property, leasing or sublease;
- income from the sale or exchange of real estate. Taxable if the 2nd and subsequent transactions are made in a year, or if the first object is sold in a year, but it was owned for less than 3 years;
- income from the sale or exchange of movable property — cars, motorcycles, mopeds are taxed starting from the 2nd sale of the year;
- income from the sale of own agricultural products in case the size of the land plot exceeds 2 hectares;
- income from sales of own livestock products, if the total amount for the year exceeds 50 minimum wages;
- income from the sale of investment assets, except for an internal state loan bond, the income from which is not taxed;
- an additional benefit, for example, if a person’s loan is written off not within the bankruptcy procedure.
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By what date to file a declaration in 2022
In connection with the military aggression of the Russian Federation against Ukraine, the Verkhovna Rada adopted amendments to the Tax Code. According to the amendments, Ukrainians who cannot file a declaration in a timely manner must do so within 3 months after the termination or cancellation of martial law.
However, experts pay attention to the wording of the law. She points out that it is possible to postpone the moment of filing the declaration only in the case when there is nothing to pay the tax, and not when you want to withhold funds.