The tax rebate became available not only to those who paid for education, medical insurance or contributions to the NPF, but also to those who invested in start-ups. The Ministry of Finance told in detail how you can use the discount.
The mechanism of the tax rebate opens up the possibility to return a part of the paid personal income tax (PIT) in “live” money.
However, some resources indicate that lawyers believe that only persons who have bought shares (other corporate rights) of Action.City residents will be able to take advantage of the tax credit to reduce taxable income in the form of dividends. When acquiring corporate rights of other legal entities that are not residents of the Action. City, there is no tax credit.
The tax credit is not available for FLP, but this does not apply to those who conduct business activities and simultaneously invest or work as an employee.
The income of an applicant for a discount cannot be less than the expenses for which he expects a benefit. Otherwise, the tax office may ask unpleasant questions.
Thus, in order to qualify for a tax rebate based on the results of the previous year, the following conditions must be met::
- Be a resident of Ukraine and have a taxpayer registration number;
- Receive official salary and/or dividends during the past year;
- Have expenses that qualify for a tax credit.