Chernivtsi: Changes in taxation of pensions
From 1 July of the current year enters into force the Law of Ukraine “On amendments to the Tax code of Ukraine regarding exemption from taxation of pensions Therefore, beginning July 1, pensions (including the amount of indexing) or a monthly lifetime allowance, which exceed 10 sizes of the subsistence minimum for persons incapacitated will be subject to taxation on such excess (in 2016, this amount ñòàíîâèòü10740 UAH). With the entry into force of the aforementioned Law, the tax rate changed from 15% to 18%. Accordingly, this part of income is also taxable military training at the rate of 1.5 %. Innovations do not apply to pensions that are assigned to combatants, war invalids and persons referred to in article 10 of the Law of Ukraine “On status of war veterans, guarantees of their social protection”. At the same time, for working pensioners, whose pensions exceed 150% of the subsistence minimum for disabled persons, or 1695 USD. saved limitation the payment of 85% of the assigned amount of the pension, a payment in the amount of not less than USD 1695. Persons working in positions and on the conditions stipulated by the law of Ukraine “public service”, “About Prosecutor's office”, “On judicial system and status of judges”, the assigned pension (monthly lifetime allowance) are paid. These restrictions are not applied to disabled persons of I and II groups, invalids of war of III group and participants of combat actions of the persons referred to in paragraph 1 of article 10 of the law of Ukraine “On the status of war veterans, guarantees of their social protection”. This was reported in the Chernivtsi city CouncilÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
