Explanations regarding the procedure
The persons intending to be engaged in professional activity and not being contracted should be registered with regional bodies of the Ukraine’s Ministry of Revenue & Duties as self-employed to get a relevant certificate. This can be done at the place of permanent residence, the Main Directorate of the National Fiscal Service in Dnepropetrovsk oblast reports.
Arbitration administrators as persons carrying out professional activity independently are entitled to deduct expenses from income in case they are duly documented, what is necessary for conducting such activity. If the said payer cannot present the document certifying registration, the income liable to taxation is gains from such activity, excluding expenses.
The income tax base for individuals is determined based on calculation of the average taxable income.
The amount of the average annual taxable income is calculated as total annual taxable income with subtracting annual expenses, provided they are duly documented, and dividing into calendar days during which professional activity has been conducted.
Taxing the income of individuals being independent professionals is made in accordance with the provisions of article 178 of the Tax Code of Ukraine.
