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Presenting in the Statements of the Remaining Prepaid Amount on the Income Tax

Individual Tax Consultation of the State Fiscal Service of Ukraine dated 26 September 2017 No. 2049/6/99-99-15-02-02-15/IPK states that the accounting of the income tax and the prepayment was made under a uniform budget classification code which automatically combined all overpayments in the integrated taxpayers’ cards and included them when paying current liabilities in that tax and the existing tax debt within the overpayment.

Contract on the Transfer of Debt under the International Trade Contract

In the event of signing a contract on the transfer of debt between two residents, the new debtor will acquire a liability to pay for the earlier imported commodities but after the completion of settlements with a non-resident, the new debtor will have no reasons for the completion of the import transaction.  As a consequence, signing a contract on the transfer of debt under the international trade contract is in breach of foreign currency regulations.

This is spelled out in Explication by the State Fiscal Service of Ukraine dated 4 October 2017 published on the General Access Information Resource ZIR (category 114.02),

Presentation in the Accounting of Transactions of Accruing Income from Equity Share

The State Fiscal Service of Ukraine in Individual Tax Consultation dated 3 October 2017 No. 2116/6/99-99-15-02-02-15/IPK stated that an income tax payer - issuer of corporate rights who makes a decision to pay dividends to their shareholders (owners) shall accrue and pay to the budget a prepayment on the income tax. At the same time, according to Subparagraph 140.4.1 of the Tax Code of Ukraine, an income tax payer in whose favor were accrued dividends from other income tax payers, shall decrease the before tax performance by that amount of income.

In other words, Subparagraph 140.4.1 is applied to avoid double taxation of transactions of paying dividends to income tax payers