Site icon Baltimore Chronicle

The State Tax Service reminded in which cases pension payments are subject to taxation

Some categories of elderly citizens of our country are required to deduct taxes from their pension benefits.

11 0

Photo – novyny.live

As reported by “NBN” with a link to the official website of the State Tax Service of Ukraine (State Tax Service of Ukraine), the procedure for the corresponding collection of pensions is provided for by the relevant provisions of the current legislation.

In particular, according to certain points of Article 164 of the Tax Code of Ukraine, pension benefits are subject to taxation, the amount of which exceeds the amount of three minimum wages established by the government in a particular period (as of the current month – about 24,000 hryvnia).

Thus, if the amount of the benefit is higher than the above amount, the elderly citizen will have to pay from 15 to 20 percent of payments to the state: the amount of taxation directly depends on the excess indicator. In this case, only the “excess” amount is subject to “extortion”.

We can draw a line – categories of citizens whose pension benefits are average for the country (no more than 6,000 hryvnia) do not need to pay taxes.

Earlier, our information portal wrote about the fact that the Pension Fund of Ukraine reported how many long-lived pensioners live in Ukraine.

nbnews.com.ua

Exit mobile version