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About the property tax Ukrainians will be reported before July 1,

О налоге на недвижимость украинцам сообщат до 1 июляPrior to July 1, Ukrainians will get from GFS notified of the amount of property tax that they need to pay.

Citizens of Ukraine before July 1 will receive notices of the State fiscal service (GFS) on the assessed amount of property tax that must be paid within 60 days from the date of receipt of the notification. GFS reports about it on the official website.

Rates and benefits of this tax are defined by local councils, however, the legislation determines the minimum preferential area of property non-taxable: 60 square meters for apartments regardless of their number, 120 square meters of houses, 180 square meters – for various types of real estate (house and apartment).

Local councils can establish additional benefits, however, the preferential area of apartments may not be more than 300 square meters of homes – 600 square meters.

Do not apply benefits to objects that are used by the owners for profit: for lease, doing business.

The state fiscal service reminded that in 2017 due to the increase in the minimum wage to 3200 hryvnia twice reduced the maximum tax rate – from 3% to 1.5%.

On June 1 of the current year in local budgets from individuals received more than 132 million UAH of taxes. Last year on this date, a rate four times lower – about 30 million UAH, said the SFS.

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