Ministry of Finance of Ukraine by Order № 720 as of 26.12.2023 (registered in the Ministry of Justice of Ukraine on 10.01.2024 under № 54/41399) amended Procedure for filling out and submitting by tax agents of Tax calculation of the income amounts accrued (paid) in favor of taxpayers – individuals and amounts of tax withheld from them, as well as amount of accrued single contribution, approved by Order № 4 of the Ministry of Finance of Ukraine as of 13.01.2015, registered in the Ministry of Justice of Ukraine on 30.01.2015 under № 111/26556 (hereinafter – Order № 720).
Order № 720 enters into force on the day of its official publication (on 16.02.2024, it was officially published in the "Ofitsiynyy visnyk").
Therefore, all the following changes will need to be taken into account reporting for the II quarter of 2024.
Order № 720 made changes to:
1) Procedure for filling out and submitting by tax agents of Tax calculation of the income amounts accrued (paid) in favor of taxpayers – individuals and amounts of tax withheld from them, as well as amounts of accrued single contribution (hereinafter – Procedure);
2) Annex 1 to the Procedure "Table of correspondence of categories codes of insured individuals and codes of the accrual basis and amount of single contribution to obligatory state insurance";
3) Section I "Directory of characteristics of the individuals’ income" of annex 2 to the Order, namely: new characteristics of the individuals’ income 210 (partial unemployment benefit), 211 (compensation for damaged/destroyed real estate) are introduced and amendments are made regarding signs of income of individuals 111, 112, 156, 189, 193 according to current norms of tax legislation.