Reports on securities and derivatives transactions have to be submitted by August 9

8 August 2013 08:52  3642767 043486
Reports on securities and derivatives transactions have to be submitted by August 9

The deadline for filing of a special tax returns on securities and derivatives transactions is August 9, 2013. Tax payers have to submit tax returns on this tax to the office of the Ministry of Income at the place of registration. The base tax period for the preparation and filing of the tax returns on this tax is the calendar quarter. The period for filing tax returns for the base reporting period is 40 calendar days following the last calendar day of the quarter. After filing of tax returns, tax agents have ten days to trasfer the amount of accrued tax to the budget.

Payers of the special tax on securities and derivatives transactions are individuals or legal entities - residents or non-residents - carrying out transactions with derivative or the sale, exchange or other means of disposal of securities. 

The procedure for calculating of tax on specified transactions is defined in Article 219 of the Tax Code of Ukraine.

Tax agent under exchange and OTC transactions is a securities trader, including bank, which deals under contract and must calculate, withhold and pay the excise tax to the budget on behalf of and at the expense of individual from the income paid to such person. An agent must maintain tax records, file tax returns and be responsible for violations of tax laws.

Source - Main Office of the Ministry of Income in Transcarpathian region

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