Liga reports.
In case, if for some reasons the taxpayer did not declare in time the income, obtained within 2015, this year, until the deadline for its presentation – May 4, 2016, the regulations of the Tax Code stipulate the possibility of presentation of income tax return till August 1, 2016, with minimum financial sanctions, in particular:
- non-presentation or late presentation by the taxpayer or other individuals, obliged to credit and pay taxes/dues, of income tax declarations (returns), will result in imposition of fine, amounting to UAH 170 for each such non-presentation or late presentation (p.120.1, art. 120, TC)
- non-presentation or late presentation by citizens of income tax returns will result in warning or imposition of fine, amounting from 3 to 8 tax-exempt minimum incomes of citizens, i.e. UAH 51 – UAH 136 (art. 164-1, AVC).
In case of non-presentation of tax return and non-payment of tax liabilities till 01.08.2016, except for the above-mentioned responsibility, the audits will be conducted, the taxes will be charged and fine sanctions will be applied in the amount of 25%.
