Accurate and correct completion of tax reporting is of great importance, as data contained therein is used to compile the List of taxpayers demonstrating high level of voluntary compliance with tax legislation.
Calculation of indicators regarding requirements and criteria for voluntary tax compliance, as well as compilation of the List of taxpayers, is performed automatically based on tax declarations submitted by the taxpayers and information contained in the State Tax Service’s information and communication systems.
Therefore, methodological or arithmetic errors in reporting, inaccuracies and incorrect presentation of specific figures or markings may affect results of relevant calculations.
Common errors made by the taxpayers include:
- incorrect specification of reporting (tax) period and period being amended in the corporate income tax declaration;
- incorrect specification of tax (reporting) year in the "Minimum tax liability" annex to the tax declaration for the single tax payers of Group 4;
- absence or incorrect indication of declaration type in the tax declaration of the single tax payer of Group 4 and its annexes;
- arithmetic and/or methodological errors in determining tax liabilities regarding the personal income tax derived from business activities.
It is recommend that the taxpayers verify accuracy of their tax filings and completeness and reliability of reported data, and in case of errors – correct them in a timely manner according to the law.
Correctly completed and submitted reports are essential for accurate automated calculation of figures and compilation of the List of taxpayers.
Also, attention should be paid to the fact that absence in the Unified state register of information regarding the legal entity’s ultimate beneficial owner – or absence of a corresponding notation indicating the lack thereof and substantiated reason – may serve as a sole ground for exclusion from the List of taxpayers.