Some nuances of filling out property and income tax declaration

Declaration consists of the main form and nine annexes: F1, F2, Ф3, F4, Single social contribution 1, Single social contribution 2, Single social contribution 3, Minimum tax liability and Controlled foreign companies.

Reporting on results of the reporting year2023, individual-entrepreneur on the general taxation system must submit annexes F2 and Single social contribution 1. In addition, individuals-entrepreneurs on the general taxation system, who are owners, tenants, users, under other conditions (including emphytheusis conditions) of land plots classified as the agricultural land, who produce their own agricultural products, also submit annex Minimum tax liability. Calculation of the total minimum tax liability is carried out according to Paragraph 177.14 Article 177 of the Code and Article 38 Note 1 Section I of the Code.

Importantly! In the annual tax declaration, individual-entrepreneur is obliged to reflect, along with income from entrepreneurial activity, other income with the source of their origin in Ukraine and foreign income, if any. The specified norm is established in Paragraph 177.11 Article 177 of the Code.

Controlling persons of controlled foreign companies in 2024 has to submit tax declaration with annex Controlled foreign companies, which is filled out separately for each controlled foreign company, together with report on controlled foreign companies. It should be noted that, according to Paragraph 54 of Sub-section 10 Section XX "Transitional Provisions" of the Code, controlling persons have a right to submit report on controlled foreign companies for 2022 to the controlling body simultaneously with submission of annual tax declaration for 2023 with inclusion of information specified in such report of the adjusted profit of the controlled foreign company subject to taxation in Ukraine to indicators of relevant declarations for 2023. Herewith, financial sanctions and/or fines are not applied.

Reporting on income received in 2023, it is necessary to submit tax declaration with the type "reporting". Electronic number of property and income declaration form is F0100214.