RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of August 26, 2009 No. 895

About settlement of some questions of administration of the income tax

For the purpose of proper administration of the income tax and simplification of conducting tax accounting the Cabinet of Ministers of Ukraine decides:

1. Determine that during forming of indicators tax the reporting under the income tax in 9 months 2009 reference in structure of gross expenses of the amounts of negative value of the taxation object the income tax received from recalculation of debt in foreign currency according to subitem 7.3.3 of Item 7.3 of article 7 of the Law of Ukraine "About the taxation of profit of the companies" is justified for payers of this tax of only relatively debt repaid by the taxpayer in foreign currency;

in the same procedure are considered as a part of gross expenses of the amount of negative value of the taxation object by the income tax, received from recalculation of foreign currency which is considered on bank accounts of the taxpayer or in its cash desk.

2. State Tax Administration:

in case of refusal the income tax payer to perform refining in tax statements on the income tax in 9 months 2009 of the amounts of negative value of the taxation object created due to recalculation of outstanding debt in foreign currency, to carry out within a month from the date of receipt such the reporting check of reliability of determination of the amounts of the tax liability on the income tax for this period;

carry out explanatory work among income tax payers concerning application of this resolution.

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