If you have grown, raised, caught anything, be sure to declare it

7 April 2014 09:35  12465480 066309
If you have grown, raised, caught anything, be sure to declare it

Experts of the Ministry of Income in Transcarpathian region inform that the income from sales of own agricultural products is subject to exemption. However, upon the sale, a citizen must submit to tax agent an appropriate certificate of land possession.

This certificate enables personal income taxpayers not to include income from sales of their own agricultural products to the taxable income.

The Tax Code of Ukraine stipulates that income derived from sales of own agricultural products, which were grown, raised, caught, collected, produced, manufactured and / or processed directly by an individual on this land, shall not be included in the total monthly (annual) taxable income of the PIT payer. 

The certificate is provided free of charge for a period of 5 years. It is issued by village, town or city council at the taxpayer's place of residence.The document is issued within 5 working days of receipt of a written application for issuance of the Certificate.

If a taxpayer does not have the Certificate, they must also declare their income from the sale of agricultural products. 

Source - Department of Information and Communication

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

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