Officially: how to report income and expenses in connection with the abolition of privileges for hotels
Until August 3, 2014, income of hotels from the provision of hotel services for hotels of "five stars", "four stars" and "three stars" categories was exempt from income tax - according to sub-clause "a" of clause 17 of Sub-Section 4 of Section XX of the Tax Code. However, after said date, this exemption was abolished by the Law of July 31, 2014 № 1621-VII, which amended the TC.
For convenience of reporting, we recommend the hotels - payers of the income tax to divide the reporting year 2014 into two periods: before and after August 3. In particular, transactions prior to August 3 are subject to the privilege, so the results of these transactions are shown in the tax statements in the lines to be filled in when the privilege is applied. In turn, transactions performed on and after August 3 are not subject to the privilege, so the results of these transactions shall be reported according to the the general procedure.
The "hotel" privilege was cancelled in August, which means that the income from the hotel business is taxed according to the general procedure, the income and related expenses from the hotel business as part of the total income and expenditures of the hotel shall be included in the appropriate lines of the declaration.
Source: Information and Communications Department of the Main Office of the Ministry of Income in Transcarpathian region
Дмитро Тужанський: угорській громаді Закарпаття потрібні гарантії їхніх прав та увага української влади як до повноцінних громадян
8 December 2017 21:13
3 December 2017 09:03