Who must submit property and income declaration?

Campaign for citizens to declare income received during the previous year started on January 1, 2024.

According to Section IV of the Tax Code of Ukraine (hereinafter – Code), payers are obliged to submit property and income declaration and to declare received income, who received:

certain types of income that are not subject to taxation upon payment, but are not exempted from taxation (Sub-paragraph 168.1.3 Paragraph 168.1 Article 168 of the Code);

income from individual who is not a tax agent (from other individuals (residents or non-residents)) (Sub-paragraph 168.2.1 Paragraph 168.2 Article 168 of the Code);

foreign income (Sub-paragraph 170.11.1 Paragraph 170.11 Article 170 of the Code).

income from business activities, except for individuals who chose simplified taxation system (Article 177 of the Code);

income from independent professional activity (Article 178 of the Code).

Declarations must also be submitted by:

foreigners who, based on results of reporting year, acquired status of a resident of Ukraine, who must reflect the tax declaration income with source of their origin in Ukraine and foreign income (Sub-paragraph 170.10.4 Paragraph 170.10 Article 170 of the Code);

taxpayers – residents who move abroad to a permanent place of residence not later than 60 calendar days prior to departure (Paragraph 179.3 Article 179 of the Code).

Citizens also have a right to submit tax declaration in order to receive tax discount.