Prepaid income tax shall be payable before August 14
This applies to individuals - entrepreneurs who operate on a common system of taxation. The Main Office of the Ministry of Income in Transcarpathian region remind that according to the Tax Code of Ukraine, such entities shall make advance payments of tax on personal income on a quarterly basis throughout the year. An entrepreneur shall calculate the amount of taxable income, which shall not be less than 100% of annual tax on the taxable income for the previous year. According to the Tax Code, the payments to the budget by 25 percent installments on a quarterly basis shall be made by March 15, May 15, August 15 and November 15.
The final calculation of the personal income tax for the reporting year shall be carried out by a tax payer, based on the data from annual tax returns.
The overpaid amount of tax shall be credited against future payments of this tax or returned to the taxpayer in the manner provided by the Tax Code of Ukraine.
Source - Main Office of the Ministry of Income in Transcarpathian region
20 May 2018 21:09
8 May 2018 13:46