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• Forms of tax returns for single tax payers, both private entrepreneurs and legal entities, change
• Procedure for individual registration in the State Register of Individuals-Taxpayers changes
• Procedure by which insurers prepare and file reports on the Unified Social Tax accrued changes

On 8 January 2013 the Order of the Ministry of Finance of 7 November 2012 #1159 “On introduction of amendments to the forms of single tax payers’ tax returns, approved by the Order of the Ministry of Finance of 21 December 2011 #1688” (hereinafter – the Order) took legal force

The Order changes the form of the tax return for both private entrepreneurs and legal entities.

A tax return of a private entrepreneur-single tax payer has been supplemented by a section ”V. Figures of economic activity for single tax payers of V group.”

A tax return for a single tax payer-legal entity has been supplemented by a section “III. Calculation of tax liability for single tax payers of VI group.”

We draw your attention to the fact that the Law of Ukraine “On introduction of amendments to the Tax Code of Ukraine regarding revision of rates of some taxes and duties” of 20 November 2012, meanwhile, reduced the single tax rates for payers of the V and VI groups (from 7% to 5% and from 10% to 7%, respectively), which has not been considered by the above mentioned Order.

On 29 December 2012 the new Regulation on the registration of individuals in the State Register of Individuals-Taxpayers (hereinafter – the Regulation), which was approved by the Order of the Ministry of Finance of 6 November 2012 #1147, took legal force

The Regulation, among other issues, reduces the term for individuals’ registration in the State Register from 10 to 5 working days starting from the moment on which the registration card is filed with the state tax service.

The Regulation also brings the registration procedure into compliance with the current law on the processing and protection of personal data (i.e. the state tax service body will inform the individual about his/her rights and obligations and the purpose for which the personal data is collected). It also brings it into compliance with the law regulating the terms of foreigners’ and stateless persons’ stays on the territory of Ukraine (foreigners’ and stateless persons’ registration in the State Register will take place after the fulfillment of all the current statutory requirements regarding their legal stay in Ukraine).

The Regulation also envisages new forms for the following documents:
• claims for certificates on amounts of income paid and taxes withheld
• claims for certificates on sources of income paid and taxes withheld
• certificates on the information mentioned above from the State Register of Individuals-Taxpayers.

On 15 January 2013 the Resolution of the Board of the Pension Fund “On introduction of amendments to the resolution of the Board of the Pension Fund of 8 October 2010 #22-2” (hereinafter – the Resolution) took legal force

Among other issues, the Resolution changes the order by which insurers prepare and file reports on the Unified Social Tax accrued. It also changes the procedure of how private entrepreneurs using the simplified system of taxation prepare the report and file it with the Pension Fund before 10 February of the year following the reporting period (previously the report was due for filing before 1 April of the year following the reporting period).

The Resolution cancels the requirement to file two copies of the report, if it is prepared in a paper form. It also establishes a list of mandatory requisites that the report must include. Moreover, it stipulates that a report sent by mail shall not be considered as having been submitted.

We will continue monitoring changes in legislation and will keep you duly updated.