Lutsk LIGHTS invites citizens to declare income earned abroad

Foreign income must be declared. Therefore, citizens who last year gained income in foreign currency, in particular, at the time of recruitment for seasonal work abroad, experts Lutsk LIGHTS advises not to tighten with submission of the Tax Declaration for the year 2016. According to the rules of the Tax code of Ukraine the amount of foreign income included in total annual taxable income of the tax payer. To determine the payable amount of the tax to incomes of physical persons and military training each declarant students DFS. To correctly establish the amount of income to declare in the national currency, the citizen must list the foreign income at the exchange rate of the National Bank of Ukraine ruling at the time of accrual (receipt) of such income. Please, note that by the end of 2016, the amount of foreign income being taxed at a tax rate of 18%. Military tax calculated by individuals independently at the rate of 1.5% of the taxation object. In the tax Declaration of property status and income citizens reflect the amount of earned income for the year and determine the tax obligation on the income tax and military duty. The amount of income tax and military duty, specified in the tax return for the year 2016 shall be paid by the citizens of their own before August 1, 2017. The Department of the Lutsk LIGHTS This was reported in Lutsk city Council

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Source: http://uzinform.com.ua/

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