Retail sale fuel: how to calculate excise tax and to make a Declaration
1 January 2016 according to the Law of Ukraine from 24.12.2015, No. 909 "On amendments to the Tax code of Ukraine and certain legislative acts of Ukraine concerning balancing the budget revenue in 2016" for the payers of excise tax of business entities of the retail trade realising the installed specific fuel rate - 0,042 euros for each liter of sold (released) product. The excise duty on goods sold by business entities of retail trade that set the tax rates in foreign currency paid in local currency calculated at the official exchange rate of hryvnia against foreign currencies set by the National Bank of Ukraine, which acts on the twentieth day of the month preceding the quarter in which the sale of goods (products), and remains unchanged during the reporting quarter. That is, for calculation of excise tax on retail fuel in the first quarter of 2016, you must apply the Euro exchange rate set by the NBU on 20 December 2015. According to the NBU on 20.12.201 G. 1E = 25,462988 UAH respectively for the first quarter of 2016, the excise rate in UAH per one liter of sold (discharged) fuel will be equal to - ˆ 0,042 x 25,462988 USD. Given that these rules came into force on 1 January 2016, and the base tax period for tax shall correspond to a calendar month, obligation to declare and pay tax liability under the new rules arises for taxpayers starting with January 2016. Therefore, no later than 22 February of the current year the payers of the excise tax - business entities retailers, which sell fuel, must submit the Declaration of excise tax in which to reflect tax liability calculated from the volume of the realized (released) fuel at a rate 0,042 euros for each liter of sold (discharged) fuel. To enable a uniform approach to the calculation of the tax obligation for the retail sale of fuel (prior to the introduction of new reporting forms), of the SFS of Ukraine in the letter from G. 03.02.2016¹ 3495/7/99-99-19-03-03-17 recommends the following formula for each type of product: BY = V x (x 0,042 have K), where BUT the tax liability on retail sales of fuel tax payable to the budget V — volume of sold (discharged) fuel in litres There 0,042 - the rate of excise tax set p.215.3.10 clause 215.3 of article 215 of the Code, K - official exchange rate of hryvnia against foreign currencies (Euro), set by the National Bank of Ukraine, which acts on the twentieth day of the month preceding the quarter in which the sale of goods (products), and remains unchanged during the reporting quarter. Because the corresponding change to the Declaration of excise tax, approved by order of the Ministry of Finance of Ukraine dated 23.01.2015, No. 14 are under approval, in accordance with paragraph 46.4 of article 46 of the code of the payer has the right together with the tax Declaration submit a Supplement to this Declaration made in any form where to reflect the calculation of tax obligations by describing how you calculated the amount of tax liabilities. Information concerning this calculation should be reflected in the lines of Annex 9 "Sample of the Supplement to Declaration in accordance with paragraph 46.4 of article 46 of Chapter 2 of section II of the Code" to the Declaration of excise tax. Information on the amounts of tax liabilities for each line of product (fuel) must be transferred to the relevant lines of Annex 6 to the Declaration with the appropriate rounding up to UAH without cents according to generally established regulations. Consequently, the payer of excise duty who are carrying out retail trade in motor fuel, will be required to complete Section X of the Declaration and in its composition: •Annex 6 (Annex 6) to the Declaration, in which (whom) to fill the header portion, in particular noting in the "NACE Code" is a mandatory requisite authority code local government on the classification of objects of administrative-territorial structure of Ukraine, which corresponds to the territorial-administrative units (units) at which (which) is retail trade of fuel, and only 7 count "the Amount of tax liability payable to the budget" and the final line "Total"; •Annex 9 to the Declaration, which reflect information regarding the calculation of the amount of excise tax from the sale of subjects of managing of retail trade of fuel. Department communications SE DFS in Vinnitsa region This was reported in the Vinnytsia regional state administration.Ïåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
