TAX HOLIDAYS FOR FOP ?!
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The President of Ukraine registered in the Verkhovna Rada a draft Law on Amendments to the Tax Code of Ukraine and other laws of Ukraine on social support of taxpayers for the period of restrictive anti-epidemic measures introduced to prevent the spread of acute respiratory disease COVID-19 SARS-Co V-2 (№ 4430 of 26.11.2020). The changes will affect, in particular, the TCU and the Law on SSC.
The bill is proposed to support taxpayers for the quarantine period:
- write off tax debt to taxpayers if the total amount of taxpayer debt on all taxes and fees does not exceed UAH 3060 and it is not repaid as of 01.11.2020 (this provision applies to 4 million debtors in the amount of tax debt 1, 3 billion UAH);
- postpone until December 29, 2021 the repayment of tax debt of taxpayers - individuals, including self-employed persons, the total amount does not exceed UAH 6,800 (may be deferred payment of UAH 310 million to about 80 thousand individuals - entrepreneurs and citizens) ;
- write off fines and penalties in case of self-payment by taxpayers of the tax debt on the principal payment within 6 months from the date of entry into force of the Law (except in cases specified by law);
- increase the threshold of the tax debt for the application of measures to collect it to 3060 hryvnias;
- include in the functions of controlling bodies the formation of the Register of recipients of one-time compensation to economic entities of expenses incurred for payment of SDRs for employees, and calculation of the amount of such compensation for payment to economic entities, legal entities;
- not to tax PIT and corporate income tax on income (material assistance, compensation) received in accordance with the Law of Ukraine 'On Social Support of Insured Persons and Business Entities' for the period of establishing restrictive anti-epidemic measures introduced to prevent the spread of Ukraine Acute Respiratory Disease COVID-19 Caused by SARS-CoV-2 Coronavirus '(this law currently exists as Bill 29 4429 - Ed.);
- exempt the payers of the single tax of the first group from paying this tax for December 2020 and January - May 2021;
- exempt from accrual, calculation and payment of SDRs of single tax payers of the first group in the amount to be accrued, calculated and paid by such persons for the periods from December 1, 2020 to May 31, 2021 for themselves, and determine that such periods are included in the insurance period.
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