Photo from UNIAN
More than 1.2 million tax assessment notices on immovable property were issued to over 920,000 individuals, the SFS said.
The State Fiscal Service (SFS) of Ukraine says the amount of property tax paid by individuals to local budgets in January-November 2018 grew by 69.4% year-over-year (y-o-y), from UAH 444.7 million (US$16 million) to UAH 753.2 million (27 million).
"More than 1.2 million tax assessment notices on immovable property different from the land plots were issued to over 920,000 individuals, owners of such type of real estate. A total of UAH 922 million ($33 million) in taxes shall be paid, which is UAH 426.8 million ($15 million) more than in 2017 (UAH 495.2 million/$17.8 million)," the SFS press service said in a statement on December 14.
Individuals are to pay their taxes within 60 days from the date of a tax assessment notice delivery, it said.
Read alsoUkraine loses about US$70 bln in five years over shadow schemes – expert
As UNIAN reported earlier, the real estate tax was introduced in Ukraine in early 2015 with the entry into force of the new Tax Code. The tax is entitled to apartments with an area of over 60 square meters and houses of over 120 square meters.
The total area of residential and non-residential real estate, including its parts (garages, household structures, workshops, office premises, etc.), is subject to taxation.
In 2017, legal entities and individuals paid to local budgets over UAH 2.4 billion ($826.3 million) in taxes on real property other than land.
Taxpayers in 2018 pay a tax on immovable property that is different from the land plot for the 2017 reporting year.