In the new year, the PIT was also amended. There are main innovations in the following.
The cost of a trip is not included in the total monthly (annual) taxable income
There are some changes in the calculation of personal income tax in 2018. In particular, total monthly (annual) taxable income does not include the cost of travel voucher for rest, rehabilitation and treatment, including for the rehabilitation of invalids, in the territory of Ukraine, the taxpayer and/or his family members of the first degree of kinship, provided by his/her employer – taxpayer of the company income tax free of charge or with a discount (in the amount of such discount) once per calendar year, provided that the cost of the voucher (the size of the discount) does not exceed the five minimum salary established on January 1 of tax (reporting) year. It should be recalled that this amount is UAH 18 615.00 in 2018.
Unified database of reports on real estate valuation – counteraction of the tax base undervaluation when the real estate sales
It is absolutely new that in 2018 the Unified Database of Valuation Reports will be created that will provide for the placement, creation, storage and publication of all information about the property and its value, the electronic determination of the estimated value, the automatic exchange of information and documents with authorized electronic platforms and the use of services with automatic information exchange accessed through the Internet.
The notary will be obliged during the certification of transactions, for which the notary public obtain evaluation report according to the law, to check the registration of such a report in the Unified Database of Valuation Reports and the presence of a unique number assigned to it.
If the valuation report is not registered in the Unified Database of Valuation Reports and does not have the assigned unique number, it is considered invalid.
The Unified Database of Real Estate Valuation Reports is created to prevent the tax base undervaluation (assessed value) on the sale of real estate.
