Ukraine Tax Agency Clarifies Submission of Declaration of Assets, Income

The Ukrainian State Fiscal Service Feb. 15 issued a clarification on what individuals are exempt from filing a declaration of assets and income. Taxpayers exempt from the requirement include those who: 1) received income, including foreign income which is not included in taxable income under the Tax Code; 2) received income from property sales, or from donations, that is nontaxable, subject to a zero percent rate, or for which tax was paid upon contract notarization; 3) received income from inherited property taxed at a zero percent rate, or on which tax was paid; 4) are minors or individuals with disabilities ...