<\/p>\n
EBA Dnipro Finance&Tax Committee met with the State Tax Service in the Dnipropetrovsk region to discuss tax residency and income declaration of citizens. Tax experts emphasized the importance of income declaration as a constitutional duty in Ukraine and reminded that the annual income declaration campaign for citizens began on January 1, 2024, and will run until May 1, 2024. The income declaration in Ukraine now requires updating the status, and foreigners who acquired resident status last year are obligated to declare their foreign income by May 1.<\/p>\n
The Tax Code also defines the place of residence based on factors such as physical presence, permanent residence, and the location of a person’s vital interests. Residents are required to pay personal income tax, while non-residents are taxed only on income from Ukrainian sources. Thus, diplomats and foreign workers with contracts longer than 183 days are considered residents for taxation purposes.<\/p>\n
The discussion with participants also covered various topics related to tax declarations, including the potential reduction of personal income tax based on corporate taxes paid abroad. The tax service provided clarifications on the taxation of gifts received by non-residents from Ukrainian residents.<\/p>\n
We thank the State Tax Service in the Dnipropetrovsk region and our partners at AC Crowe Ukraine for the fruitful cooperation!<\/p>\n
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EBA Dnipro Finance&Tax Committee met with the State Tax Service in the Dnipropetrovsk region to discuss tax residency and income declaration of citizens. Tax experts emphasized the importance of income declaration as a constitutional duty in Ukraine and reminded that the annual income declaration campaign for citizens began on January 1, 2024, and will run […]<\/p>\n","protected":false},"author":4489,"featured_media":560539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[9,5,10126],"tags":[],"yoast_head":"\n