LETTER OF THE STATE TAX SERVICE OF UKRAINE

of July 7, 2011 No. 7957/5/17-0216

About consideration of the letter

The State Tax Service of Ukraine, according to Art. 52 of the Tax code of Ukraine, considered your letter from (...) and from (...) concerning budget contribution of income tax also reports.

Obligations of charge, deduction and payment (transfer) of tax in the budget according to subitem 168.1.1 of item 168.1 of Art. 168 of the Tax code of Ukraine of 02.12.2010 No. 2755-VI (further - the Code) are assigned to the tax agent who charges (pays) chargeable income for benefit of the taxpayer, shall hold tax from the amount of such income at his expense, using the tax rate determined in the corresponding Items of article 167 of the Code.

The payment procedure (transfers) of tax in the budget is stipulated in Article 168 Codes according to which the tax withheld from the income of residents is subject to transfer in the budget according to regulations of the Budget code of Ukraine.

According to Article 64 of the Budget code of Ukraine (with changes and amendments) the income tax which is paid by the tax agent - the legal entity (its branch, department, other separate division) or representation of the nonresident - the legal entity, is enlisted in the corresponding local budget on its location (arrangement) in amounts of the tax accrued on the income which is paid to physical person.

According to subitem 168.4.3 of item 168.4 of Art. 168 of the Code of tax amount on the income added by separate division for benefit of physical persons for the accounting period are transferred into the local budget on the location of such separate division.

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