Law obliges fiscal service to publish local taxes, duties rates before July 15
The State Fiscal Service is obliged to publish information about the size of local taxes and duties and the date when they were approved no later than July 15, 2018.
The requirement is outlined in the law amending the Tax Code and other legislative acts for the provision of balanced budget revenues in 2018 published in the Holos Ukrainy newspaper.
Before July 10, supervision agencies are to send consolidated information about the size of local taxes and duties and the date when they were approved in the electronic form to the State Fiscal Service.
According to the amendments to the legislation, the State Service for Geodesy, Cartography and Cadastre must send information in electronic form on the pecuniary valuation of land parcels, which was carried out as of the indicated date, to the fiscal service. In turn, the State Fiscal Service will publish this information on its website.
The law also establishes that an individual is exempted from liability for late payment of land tax, if the tax authority has not sent a relevant notification within a certain period of time.
The amendments in the Tax Code also determine a fixed rate of land tax for land of the railways and the mining and metallurgical sector.
At the same time, the law contains a rule, according to which, when determining the basis for taxation by land tax, the indexation coefficient of the pecuniary valuation for 2018 is applied with a value of 1. In addition, the restriction of the application of the privilege to one parcel for the payment of land tax by individuals has been abolished.