Ukraine Tax Agency Clarifies Submission of Declaration of Assets, Income

The Ukrainian State Fiscal Service Feb. 5 announced a list of taxpayers who are required to submit declarations of assets and income under Chapter IV of the Tax Code. The list includes taxpayers who received: 1) certain income that isn’t subject to tax when paid, but which also isn’t exempt from tax; 2) income from a person who isn’t a tax agent; 3) foreign income; and 4) income from entrepreneurial and independent professional activities. Foreigners who become Ukrainian residents during the reporting year must also submit declarations of their income, including both foreign and Ukrainian income. Furthermore, resident taxpayers who ...