Specificity of paying taxes levied on income, in advance, throughout 2015-2016: from January to 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 version effective until January 1, 2015.
Meantime, monthly advance payments to be paid in March-May 2016 should not be less than 1/12 out of the income tax obtained in the accounting (fiscal) year of 2014 (par.9, subpar.4, chapter ХХ “Transitional Provisions” of the TCU), the press-office of the National Fiscal Service in Ternopyl oblast reports.
Thus, monthly advance payments in January–February of 2015 and January-May 2016 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.
Thus, income taxes for 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.
An issue of calculating and paying monthly advance payments, consolidated payment of monthly income taxes, implying mutual commercial activity with creation of the company that is a legal person is expounded in the letter of the NFS of Ukraine dd. 29.01.2015, under No.2707/7/99-99-19-02-01-17.
