This year, Ukrainians will face changes in tax legislation. Now unofficial incomes of individuals are also subject to mandatory taxation. To determine them, the Tax Service will use "indirect methods of controlling the income of citizens." Information about amendments to the law has already appeared on the official portal of the Verkhovna Rada of Ukraine.
The mechanism of their identification is that the official income of Ukrainians will be compared with their real expenses. If the citizen cannot prove the source of his income, the tax office will have the right to demand that the person pay tax on the difference.
The following will be subject to taxes:
- income from investments
- income from renting or selling real estate
- gifts
- money received from another country
- income from independent professional activity (for example, a nail service master working at home)
- income from the sale of livestock products
- income from a non-official employer
- money received as charitable assistance
That is, independent professional activities, such as hairdressers or manicurists who work at home, are subject to such a tax audit.
Fiscal authorities have promised to pay increased attention to the rental of real estate - an apartment or an office. Money from the sale of real estate will be taxed.
They will also check additional income that is not received from an official employer, or funds that came from another country.
Income from investments and gifts, funds received as charitable or non-targeted assistance will also be taken into account.
Savings in small amounts (up to 400 thousand hryvnias), residential real estate (if the area is not more than 120 square meters), and also one car will not be subject to tax inspection.
If the citizens' assets exceed those described above, and Ukrainians do not submit a zero declaration by September, they will have to pay:
- 5% for real estate, currency, cars, intellectual property rights, property of legal entities;
- 2,5% from OVHZ — bonds of the domestic state loan;
- 10% from the rest of the property.
To legalize their money, Ukrainians will have to put it in a bank account for at least one hour. Otherwise, it will soon be impossible to use them without the risk of falling under "indirect methods of controlling citizens' incomes".
It will also be necessary to "light up" all real estate. An "illegal" apartment or house cannot be sold without paying tax according to the rules of the Tax Code of Ukraine.
All these changes to the Ukrainian tax legislation should enter into force on September 1 of this year.
