GLS Law Company Services: Tax Amnesty in Ukraine
Ukraine is running a capital tax amnesty program. Its terms apply to any individual taxpayers, allowing them to be exempted from liability for violations of tax legislation committed before January 1, 2021. Contact our experts if you are interested in the legalization of funds in Ukraine. We provide comprehensive assistance related to the tax amnesty program.
Who might be interested in income legalization in Ukraine
Tax amnesty services may interest Ukrainian taxpayers who wish to legalize their incomes on preferential terms.
Assets up to a total of 400,000 hryvnias can be declared, including:
- Securities;
- Money;
- Rights — claims, intellectual property, etc.
Movable and immovable properties can also be declared, but with restrictions. Contact our experts for a detailed consultation on this matter. Tax amnesty is not available to public officials.
Advantages of the Tax Amnesty Program in Ukraine
Participation in the tax amnesty has several advantages:
- Individuals can pay the tax at a more favorable rate.
- You can legalize incomes without explaining their source of origin.
- Information declared in the capital amnesty declaration will not be disclosed.
- The state exempts you from paying other taxes on the declared funds — military levy, unified social tax, etc.
- All administrative and criminal proceedings related to the search for the amnestied assets will be closed. Fines are also not applied.
Capital Amnesty Conditions
The standard tax rate is 18%. However, using tax amnesties, you can get more favorable conditions:
- If the assets subject to amnesty are located within Ukraine, the rate will be 5%.
- For foreign assets, a rate of 9% is applied.
- If you are ready to invest the amnestied funds in government bonds, the lowest rate of 2.5% is applied. You do not need to transfer funds from foreign accounts to Ukrainian ones beforehand. However, in this case, you will have to pay the tax at a rate of 9% instead of 5%.
If you are looking for the most favorable conditions, contact our specialists. They will assist you at all stages of the forthcoming procedure:
- Analysis and consultation on the need to declare assets under the amnesty.
- Assistance in transferring assets from abroad to an account in a Ukrainian bank.
- Preparation and submission of the declaration to the tax service.
- Help in preparing documents, including a sample certificate from a Ukrainian bank confirming that the money has been credited to your account.
- Calculation of the tax to be paid under the special voluntary declaration.
Our lawyers will organize this process if it is the most optimal solution in your situation. Note: the tax amnesty assumes that you will pay the entire accrued amount of taxes within 30 days after submitting the declaration. GLS Law Company experts will promptly handle this procedure as well.
Tax Amnesty: What We Offer
By turning to us, you can count on qualified assistance from experienced lawyers. GLS Law Company offers at least the following services:
- Analysis of the asset ownership structure and purchase history to understand if you are eligible to participate in the tax amnesty program.
- Determination of the number of assets to be declared.
- Execution of necessary actions before submitting the declaration, such as opening an account in a Ukrainian bank, transferring money, and accompanying the purchase of government securities.
- Filling and submitting the declaration.
- Calculation of the tax and instructions for its payment.
We will also ensure that the tax service receives payment within the legally established deadlines.
How to Order Tax Amnesty Services
Contact our lawyers if you are interested in tax amnesty in Ukraine. They will promptly begin all future procedures necessary for legalizing your incomes. The cost of services will be determined individually, influenced by the list of potential actions, task complexity, and the need for professional consultations. To order the service, leave a request on the GLS Law Company website or contact our experts by phone.
