Ukrainians still have a chance to return part of the taxes paid for 2024, but time is short.
The State Tax Service has announced this, the Ukrainian News agency reports.
Until December 31, inclusive, you can submit a declaration of property and income and use the right to a tax discount. After this date, the opportunity to receive compensation for the year disappears irrevocably.
A tax discount is a mechanism that allows citizens to return part of the already paid personal income tax. All officially employed Ukrainians who have documented expenses that are subject to reimbursement can use it.
What can be included in a tax discount?
The list of expenses in 2024 is quite extensive. It includes:
- Payment for tuition - for yourself or family members of the first degree of kinship or a person over whom guardianship or care has been established, if the funds are paid to Ukrainian educational institutions;
- Donations and charitable contributions – in the form of donations or charitable contributions to non-profit organizations, but not more than 4% of total income;
- Payment for the use of a mortgage loan – part of the amount of interest for the use of the loan.
- Insurance payments and pension contributions – under long-term life insurance contracts, non-state pension provision, under a pension contract with a non-state pension fund;
- Expenses for assisted reproductive technologies – payment for assisted reproductive technologies, but not more than an amount equal to a third of income in the form of wages for the reporting tax year;
- Payment for public services – the cost of public services related to the adoption of a child, including payment of state duty;
- Expenses for vehicle conversion – the amount of expenses for the conversion of a vehicle using mixed motor fuel, bioethanol, biodiesel, compressed or liquefied gas, other types of biofuel;
- Expenses for construction (purchase) of affordable housing – amounts of expenses for payment of expenses for construction (purchase) of affordable housing;
- Expenses for rental of housing – for internally displaced persons (under certain conditions).
- Expenses for purchase of shares of the enterprise "Diia City" – expenses for purchase of shares, the issuer of which is a legal entity that has acquired the status of a resident of "Diia City".
The payer must provide copies of documents confirming these expenses: contracts, receipts, checks, payment orders.
What is important to know before submitting a declaration?
- The declaration can be submitted at the place of registration or in electronic form;
- The postal item must contain a description of the investment and a notification of delivery;
- The amount of compensation is transferred to the payer's bank account within 60 calendar days after submitting the declaration.
How to submit a declaration?
- The most convenient way is through the Electronic Taxpayer's Office: you can fill out the declaration online, attach scans of documents and send it without visiting the tax office;
- In person at the State Tax Service office - for those who wish to submit a paper declaration;
- By mail - in advance so that the shipment has time to arrive by the end of the year.
The tax discount allows you to return from hundreds to tens of thousands of hryvnias - depending on the expenses. This is one of the easiest ways to save your own money, so it is worth submitting the declaration now, without waiting for the last days of the year.
As the Ukrainian News agency earlier reported, it was previously reported what taxes should be payed from tutoring to students.
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