For the attention of Bukovina pensioners from July 1, changed the taxation of pensions, this reminds Department of DFS in Chernivtsi region.
Tax explained that the Law of Ukraine of 06.02.2016 ¹1411 was amended pp.164.2.19 and p.167.4 Tax Code of Ukraine regarding taxation of pensions.
Recall that before July 1, tax shall be the amount of pensions (including the amount of indexation accrued according to law) or a monthly lifetime allowance received by the taxpayer from the Pension Fund of Ukraine or the budget in accordance with the law if their size exceeds three minimum wage installed on January 1 of the tax year in excess of this. Specifically, these payments that are greater than 4134 UAH., In the amount of excess taxable personal income tax rate of 15% and military charges of - 1.5%.
The amendments to the Act, provides exemption from taxation on personal income and military collecting pensions (including the amount of indexation) or a monthly lifetime allowance if their size does not exceed ten subsistence minimum for persons unable to work (per month), established on January 1 of the tax year. So, from July 1 retirement payments whose size in 2016 is not greater than 10740 USD., Exempt from taxation.
In the case of exceeding the specified value, taxable at the rate of 18% and 1.5% will be subject to excess.
In addition, pay attention at the same rate taxed pensions from foreign sources if in accordance with international agreements, required 'yazkovist Verkhovna Rada of Ukraine, such pension shall be taxable or not taxable in their country payments.
We add innovation does not apply to pension payments combatants, war invalids and persons covered by the art. 10 of the Law of Ukraine " On the status of war veterans, guarantees of their social protection " .
Reference to announce these changes were published in " Voice of Ukraine " from 14.06.2016r. ¹109 and come into force from 07.01.2016 years