From 1 January 2019, the tax authorities can take under strict control the rich Ukrainians. The bill developed by the Ministry of Finance, reports Ukrainian Pravda.
It is reported that initially the draft law was submitted to the relevant government Committee, but the Finance Ministry later withdrew it to finalize. The re-introduction of the bill is scheduled for September.
- The Ministry also explained who is considered a taxpayer with high income.
- In particular, it can be the person who ultimately benefitsiarnogo of the taxpayer.
- Rich is also considered to be a Ukrainian owning directly or indirectly 10 and more per cent of the share capital or voting rights of acquired shares tax resident of another country with incomes over 1 million euros for the year preceding the reporting.
- In the category of the rich will also be citizens whose annual income exceeds UAH 50 million.
Therefore, if a taxpayer has the status of “persons with higher incomes”, it will be reflected in the state register of physical persons. For late submission of tax returns will be imposed a penalty of 10% of the amount of tax charged on the income of individuals.