You're reading: Parliament cancels monthly declaration of individuals’ incomes

The Verkhovna Rada has supported an imitative to cancel the monthly declaration of incomes of individuals and return to the quarterly declaration of the incomes, as well as to cancel the submission of blank declarations for tax on incomes of individuals.

A total of 285 lawmakers registered in the session hall on April 7, 2011 supported draft law No. 8355 on amendments to subparagraph 215.3.4 of paragraph 215.3 of Article 215 of the Tax Code of Ukraine regarding petroleum products, taking into account proposals of the parliamentary committee for financial, banking activities, tax and customs policies regarding the cancelation of the above-mentioned tax declarations.

"The committee discussed the draft law, and actually it had to alter it and submit a new draft law," the head of the committee, Vitaliy Khomutynnik, said, presenting draft law No. 8355 in the parliament on April 7.

He said that the committee proposed to settle the issue of the cancelation of the monthly submission of declarations for tax on incomes of individuals and cancelation of the submission of blank declarations along with the excise duties on petroleum products.

He said that the requirements were included in the draft, as the parliament failed to adopt draft law No. 8217 on amendments to the Tax Code and some Ukrainian laws regarding the improvement of some requirements of the Tax Code, which contained the same proposals, by the end of the reporting period – April 20.

Earlier Khomutynnik proposed to suspend submission of the above-mention reports by tax agents to the State Tax Administration of Ukraine, taking into account many complains of taxpayers concerning improper organization of work of tax bodies as for the acceptation of declarations on incomes of citizens.

The State Tax Administration of Ukraine canceled monthly tax declarations on tax on incomes of individuals for tax agents that do not have hired workers and do not pay wages to individuals.