The National Fiscal Service informs

Pursuant to par. 54.1, article 54 of the Tax Code of Ukraine, a taxpayer calculates the tax amount and/or financial obligation and/or penalty stated in the fiscal (customs) declaration or updated calculations submitted to the controlling body within the terms set out by the Tax Code of Ukraine. The said financial obligation and/or penalty is regarded to be agreed, the press-office of the National Fiscal Service reports.

A taxpayer is liable to pay taxes stated in the declaration within 10 calendar days that follow the last day to pay, as set out in the Tax Code of Ukraine for filing a tax return, except as otherwise provided by the Tax Code of Ukraine (par. 57.1 article 57 of the TCU).

Par. 50.1 article 50 of the Tax Code of Ukraine envisages: if in the future accounting periods a taxpayer reveals errors in the tax declarations filed before (with taking into account periods of limitation – 1095 days), the taxpayer is liable to send the updated calculations to the said declaration on the form being valid at the time of sending the calculation.

Assessment of taxes, fees and the uniform contribution to be stated in the taxpayer’s file are to be made according to the reports filed to the controlling body, while customs fees and other payments - according to the customs declaration duly completed. The said assessment entry is made on the last day to pay.

When filing the updated calculation that increases or decreases the financial obligation in the previous accounting periods and liquidation reports, the updated calculation entry in the taxpayer’s file is made on the day of report submission.

Given the said above, in case a business entity files the updated calculation till the due date for paying taxes indicated in the updated calculations that lessen the tax amount in the tax return, the business entity may transfer the tax amount to the budget by taking into account the updated calculations.