The Ministry of Finance of Ukraine has approved a new form of tax calculation from personal income tax (PIT) and single social contribution (SSS), as well as updated the rules for its filling and submission. About this informs press service of the Ministry of Finance.
The changes will affect all tax agents, in particular legal entities and individual entrepreneurs (FPOs), which make payments to individuals.
Main innovations:
- From January 1, 2025, the tax calculation will be submitted monthly.
- The submission deadline is up to 20 calendar days after the end of the reporting month.
- Until February 10, 2025, reporting for the 4th quarter of 2024 is still submitted in the old form.
- By February 20, 2025, reporting for January 2025 must be submitted using the new form.
The introduction of updated consolidated reporting is aimed at increasing the transparency of tax calculations and more effective control over budget receipts. In addition, the Ministry of Finance emphasizes that this will simplify the reporting process for taxpayers and reduce the risk of errors.
It is expected that the changes will allow the State Tax Service of Ukraine to more efficiently analyze tax revenues and detect possible violations. Tax agents can familiarize themselves with the new calculation form and the procedure for filling it out on the official websites of the Ministry of Finance or the State Tax Service of Ukraine.
