The initiator of the bill is the Chairman of the Committee on Finance, the people’s Deputy from the Servants of the people Daniel Getmantsev.
On the website of the Verkhovna Rada a draft law № 1232 on application of special Declaration for breach of natural persons tax and other legislation.
The initiator of the bill is the Chairman of the Committee on Finance, tax and customs policy, MP from the Servants of the people Daniel Getmantsev, reports the online edition of the Chronicle.info with reference to NV.
Under the bill, a special Declaration “mode release taxpayers from legal liability for violation of tax legislation and other legislation, control over compliance with which is entrusted to the regulatory authorities that existed in any one or more tax periods until 31 December 2018 inclusive, subject to further tax liabilities”.
The explanatory Memorandum States that the introduction of a special Declaration in Ukraine should lead to an increase of budget revenues. Specializirovannye will not be applied “to the tax agents, income (assets), received by a criminal way, through corruption or related offences and to the revenues that were identified by the results of tax audits by regulatory authorities prior to 1 January 2020,” reads the explanatory note.
To be eligible for the special Declaration, taxpayers will be required to file a special Declaration from January 1 to March 31, 2020 and to pay tax liabilities deferred income (assets):
- 5% for currency values, movable and immovable property, securities, shares (stakes) in legal entities ‘ property, property rights on objects of intellectual property and/or financial instruments;
- 10% for all other property rights;
- 2.5% for assets that were bought bonds of internal state loan.
“In addition, before submitting a special Declaration concerning money, precious metals and other currency values, the taxpayer (the declarant) shall place such assets in accounts in financial institutions of Ukraine, which should be kept in such accounts is not less than 365 calendar days after March 31, 2020”, — stated in the explanatory Memorandum.
Within 90 days after March 31, 2020 by the authorities to conduct an expert assessment of the assets stated in the special Declaration.
“Information received by regulatory authorities as a result of applying the payers of the special Declaration is confidential and cannot be disclosed without the written consent of the declarant,” reads the note.
In Ukraine for the third month in a row deflation
Under the bill, the revenues in the amount of 300 thousand UAH will be considered as confirmed without the submission of a special Declaration and amnestied, without any additional conditions. Paying taxes for them is not required and tax audit of the sources of these revenues will not behave.