The Verkhovna Rada of Ukraine has registered an important draft Law No. 13108 dated 03/17/2025, which proposes to significantly simplify the reporting procedure for income accrued to individuals. The document provides for comprehensive amendments to the Tax Code of Ukraine, designed to reduce the administrative burden on entrepreneurs and simplify the system of interaction with tax authorities.
The main innovations include the transition from monthly to quarterly reporting on personal income tax (PIT) and single social contribution (SSC):
1. Transition to quarterly reporting
Amendments to Article 51 of the Tax Code introduce a new reporting procedure. Tax agents, SSC payers will submit reports not monthly, but quarterly, broken down by months of the reporting period. This will allow businesses to significantly reduce the number of submissions and optimize the work of accounting.
2. Extension of the terms of notification of employment and dismissal
The draft proposes in Article 70 to extend the terms of notification of employment and dismissal of employees. Now this information will be submitted not within 20 calendar days after the end of each month, but within 40 days after the end of the reporting quarter. This will significantly simplify personnel administration for enterprises.
3. Simplification for grantors
Article 170 provides for similar changes for tax agents who provide budget grants. They will switch to quarterly reporting instead of monthly, which will reduce the bureaucratic burden.
4. Notaries will report less often
Article 172 stipulates that notaries will submit information on certified real estate purchase and sale contracts not monthly, as is the case now, but quarterly. This will have a positive impact on the work of notary offices, simplifying the process of maintaining documentation.
5. Reporting on transactions with movable property
Amendments to Article 173 of the Tax Code of Ukraine are aimed at simplifying the reporting procedure for transactions with movable property, in particular vehicles. Now notaries, business entities participating in exchange transactions, as well as relevant state bodies will now submit reports on concluded transactions quarterly, rather than monthly. This applies to information on purchase and sale agreements, barter agreements, and other agreements on movable property between individuals.
The report must contain information on:
· concluded purchase and sale agreements (barter agreements);
· price (value) of movable property;
· amount of tax paid for each transaction.
These changes will significantly facilitate the reporting process, reducing administrative costs and the amount of documentation.
6. General procedure for submitting tax calculations
Article 176 specifies that tax agents will also submit a tax calculation quarterly within the deadlines established for the tax quarter. This approach will create uniform standards for different categories of taxpayers.
When will the law enter into force?
According to the draft, the law will enter into force on the first day of the quarter following its official publication. Thus, entrepreneurs will have enough time to prepare and adapt to the new reporting rules. In addition, the Cabinet of Ministers of Ukraine must adopt all necessary regulatory acts for its implementation within one month from the date of entry into force of the law.
What will business gain from the new changes?
The proposed amendments to the Tax Code will be an important step towards improving the business climate in Ukraine. They will provide enterprises with the following benefits:
· reduction of the administrative burden;
· reduction of errors in reports;
· optimization of the work of accounting and human resources departments;
· reduction of administration costs.
In general, businesses will be able to pay more attention to the actual development of their activities, rather than to the implementation of formal bureaucratic procedures.
What's next?
The bill is currently being prepared for the first reading in the Verkhovna Rada of Ukraine. At this stage, people's deputies will have the opportunity to make their proposals and amendments to finalize the document. Therefore, the final text of the law may be supplemented or changed.
If your business has proposals for improving the bill, you can contact us. Our team will provide professional representation of your interests and help make appropriate amendments to the text of the bill. We are always ready to help make your communication with government agencies more efficient and effective.
The main innovations include the transition from monthly to quarterly reporting on personal income tax (PIT) and single social contribution (SSC):
1. Transition to quarterly reporting
Amendments to Article 51 of the Tax Code introduce a new reporting procedure. Tax agents, SSC payers will submit reports not monthly, but quarterly, broken down by months of the reporting period. This will allow businesses to significantly reduce the number of submissions and optimize the work of accounting.
2. Extension of the terms of notification of employment and dismissal
The draft proposes in Article 70 to extend the terms of notification of employment and dismissal of employees. Now this information will be submitted not within 20 calendar days after the end of each month, but within 40 days after the end of the reporting quarter. This will significantly simplify personnel administration for enterprises.
3. Simplification for grantors
Article 170 provides for similar changes for tax agents who provide budget grants. They will switch to quarterly reporting instead of monthly, which will reduce the bureaucratic burden.
4. Notaries will report less often
Article 172 stipulates that notaries will submit information on certified real estate purchase and sale contracts not monthly, as is the case now, but quarterly. This will have a positive impact on the work of notary offices, simplifying the process of maintaining documentation.
5. Reporting on transactions with movable property
Amendments to Article 173 of the Tax Code of Ukraine are aimed at simplifying the reporting procedure for transactions with movable property, in particular vehicles. Now notaries, business entities participating in exchange transactions, as well as relevant state bodies will now submit reports on concluded transactions quarterly, rather than monthly. This applies to information on purchase and sale agreements, barter agreements, and other agreements on movable property between individuals.
The report must contain information on:
· concluded purchase and sale agreements (barter agreements);
· price (value) of movable property;
· amount of tax paid for each transaction.
These changes will significantly facilitate the reporting process, reducing administrative costs and the amount of documentation.
6. General procedure for submitting tax calculations
Article 176 specifies that tax agents will also submit a tax calculation quarterly within the deadlines established for the tax quarter. This approach will create uniform standards for different categories of taxpayers.
When will the law enter into force?
According to the draft, the law will enter into force on the first day of the quarter following its official publication. Thus, entrepreneurs will have enough time to prepare and adapt to the new reporting rules. In addition, the Cabinet of Ministers of Ukraine must adopt all necessary regulatory acts for its implementation within one month from the date of entry into force of the law.
What will business gain from the new changes?
The proposed amendments to the Tax Code will be an important step towards improving the business climate in Ukraine. They will provide enterprises with the following benefits:
· reduction of the administrative burden;
· reduction of errors in reports;
· optimization of the work of accounting and human resources departments;
· reduction of administration costs.
In general, businesses will be able to pay more attention to the actual development of their activities, rather than to the implementation of formal bureaucratic procedures.
What's next?
The bill is currently being prepared for the first reading in the Verkhovna Rada of Ukraine. At this stage, people's deputies will have the opportunity to make their proposals and amendments to finalize the document. Therefore, the final text of the law may be supplemented or changed.
If your business has proposals for improving the bill, you can contact us. Our team will provide professional representation of your interests and help make appropriate amendments to the text of the bill. We are always ready to help make your communication with government agencies more efficient and effective.
