The HO of the National Fiscal Service in Kyiv city informs of the specificity of paying, in advance, taxes levied on income, throughout 2015-2016: in January – December of 2015 and January - May 2016 the taxpayers are liable to make advance payments of taxes charged on the income obtained by enterprises, in compliance with par.57.1, article 57 of the Tax Code of Ukraine, as worded in the regulations effective until January 1, 2015. Meantime, monthly advance payments for March - May 2016 should not be less than 1/12 out of the income tax for the accounting (fiscal) year of 2014 (par.9, subpar.4, chapter ХХ “Transitional Provisions” of the TCU).
Thus, monthly advance payments in January – February of 2015 are calculated by taking 1/12 out of income tax for 2013, in March 2015 – May 2016 equalling 1/12 out of income tax for 2014.
Please note that income taxes in January – December 2015 and January - May 2016 are to be paid monthly in advance by the taxpayers, provided that their annual income does not exceed ten million hryvnias.
Accordingly, the changes entered by Law No. 71-VIII, par. 57.1, article 57 of the TCU, stipulate monthly advance payments that should not be less than 1/12 out of the income tax calculated for the previous (fiscal) year, reduced by dividends paid out but remained unrecognized and didn’t entail lessening of the tax liability.
Thus, the amount unrecognized when dividends were paid out, what should entail reduction in income tax advance payments, reflected in line 13.5.2, annex ЗП to the income tax return for 2014, will be deducted from the income tax stated in the income tax return for 2015 when determining monthly advance payments to be paid in the coming twelve-month period.