Chernivtsi: the gift or inheritance, pay tax
Chernivtsi LIGHTS reminds us that citizens, which in 2016 received income in the result of the acceptance of the inheritance or gift, property, property or non-property rights, you must submit to the authority of the fiscal service at the place of registration the Declaration of property status and income. According to article 174 of the Tax code of Ukraine taxation of the inheritance or gift, the following rates of tax on income of natural persons: a zero rate, 5% and 18%. Taxed at a zero rate, in particular, the value of the property received from a family member first-degree relatives (parents, husband or wife, children, including adopted children). The 5% rate applies to any property obtained from persons who are not family members first-degree relatives. If the inheritance received by the heir from the testator-non-resident heir or a non-resident from the testator-resident, the tax rate is 18%. In the tax Declaration of property status and income for 2016 citizens reflect the amount of earned income for the year and determine the tax liability for the tax on incomes of physical persons for any of the rates and the military tax of 1.5%. Citizens who received income in the form of inheritance or gift, which is taxed at a zero rate of tax is not required to file annual tax Declaration of property status and income. Last day of submission of the Declaration for 2016 for citizens who are required to submit a Declaration – may 3, 2017. This was reported in the Chernivtsi city CouncilÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
