Tax authorities remind
The payers of taxes and fees intending to apply another system of taxation, accounting and reporting starting from the 1st quarter of 2015 should submit an application to the oversight authority, within 15 calendar days before the beginning of the next calendar quarter. Thus, the last day to file an application is December16, 2014, the press-office of the National Fiscal Service reports.
Moreover, an income statement for the previous calendar year is to be attached to the application.
A business entity can choose to apply more simplified tax system but is allowed doing it only once a calendar year.
The move to another tax system can be made provided that the business entity has fully met the requirements set out for certain categories of taxpayers within a preceding calendar year.
The procedure for selection or move to the simplified tax system is set out in article 298 of the Tax Code of Ukraine.
