Changes in taxation tax on corporate profits in 2018

The Main Office of the State Fiscal Service in Odesa Oblast

14.02.2018

Changes in taxation tax on corporate profits in 2018

The Law of Ukraine of December 7, 2017, No. 245-VIII amended the Tax Code of Ukraine, pay attention to changes in the corporate profit tax.

In particular, taxpayers of a single tax are exempted from the obligation to pay and pay an advance payment from the income tax when paying dividends.

The procedure for the application of the international agreement on avoidance of double taxation in the payment of income received from sources in Ukraine is detailed.

The conditions for the inclusion of religious organizations in the new Register of non-profit institutions and organizations are specified. For religious organizations registered in the Register on the day of the entry into force of the Law of Ukraine dated July 17, 2015, No. 652-VIII, the only condition for their transfer to the new Register is compliance with the requirements of Art. 133 of the Tax Code regarding the creation and registration in accordance with the procedure established by the law governing the activities of a nonprofit organization concerned.

Tax differences that increase the taxable profit before taxes are updated, namely:

- the amount of the forgiven debts of individuals related to the lending company, as well as persons who are or were with such a creditor in labor relations, and the period between the date of their termination and the date of debt forgiveness does not exceed 3 years;

- on the amount of funds, goods and services provided to non-profit non-profit organizations in the field of physical culture and sports, in the amount exceeding 8% of the taxable profit of the previous reporting year;

- for the amount of funds received as payment for goods (works, services), shipped (provided) during stay on the simplified taxation system (except for enterprises that were payers of the single tax of the fourth group).

It is noted that the income tax is reduced by the amount of excise tax paid for diesel fuel used by diesel locomotives and dump trucks with a payload of over 75 tons.

In addition, tax-exempt profits derived from activities involving the use of gas (methane) of coal deposits.

The circle of privileged persons - the subjects of aircraft engineering - has been expanded.

The conditions for exemption from the taxation of "Eurobonds" are specified.

For all declarations of corporate profit tax, which are compiled for the reporting year, a single term for their submission is determined - within 60 calendar days following the last calendar day of the reporting year, regardless of the base reporting period of the declaration, a quarter or a year.

The deadline for submission of a tax return from corporate income tax for the reporting year 2017 is March 1, 2018.

More detail, with changes in the taxation of corporate income tax in 2018, can be found in the DFS of Ukraine dated January 31, 2018, No. 2834/7 / 99-99-15-02-01-17.

DFS General Directorate in Odesa Oblast