Reminder from tax agents
According to the Main Directorate of the National Fiscal Service in Lviv oblast, the entitlement and obligation to submit income tax returns arise in the following cases:
1) a taxpayer who paid taxes in advance, and did not obtain income or incurred losses in the 1st quarter of 2014, had the right to file a tax return and financial statements for the 1st quarter. The said taxpayer is not liable to make advance payments in the II-IV quarters of 2014, and recognizes tax liabilities in the tax return for the 1st half a year, three quarters and a year, to be filed to the tax inspectorate office within 40 calendar days after the last calendar day of the accounting (taxable) period - quarter (half a year);
2) a taxpayer who did not obtain income or incurred losses in 2013, did not calculate tax liabilities and did not have the basic rate for defining advance payments to be made in 2014-2015, obtained income upon results for the 1st quarter of 2014, should file a tax return to pay taxes for the 1st half a year, three quarters of a taxable year and fiscal (taxable) year.
As regards the results for three quarters, the income tax returns should be filed not later than November 10, 2014, with income tax to be paid not later than October 19, 2014.
