Property tax in Ukraine: who needs to pay before July 1 and how to calculate the amount

Already in the near future, Ukrainians who own large real estate will have to pay a tax for “extra” square meters. To calculate this tax, the State Tax Service launched the official Property Tax Calculator. This was reported by the press service of the State Internal Revenue Service.

Photo: tax.gov.ua 1

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Who must pay property tax

Property tax must be paid by people who own an apartment whose area exceeds 60 square meters. m or a house with an area of ​​more than 120 square meters. m.

At the same time, the tax for 2021 and 2022 is not charged to individuals whose real estate:

• located in the territory where active hostilities are or were being conducted;
• located on the territory under occupation or temporarily occupied by the Russian Federation;
• became unsuitable for living due to the war.

It should be noted that the property tax for 2022 must be paid by July 1, 2023. For this, it is necessary to receive a receipt and within 60 days make a transfer to the state account. If you have not received such a receipt, you must contact the tax service yourself.

Calculator

“Property tax calculator” is posted on the website of the State Tax Service in the “E-Services” block. You can use this calculator via this link.

You need to enter all the necessary data, including the tax rate, and the system will allow you to add several real estate objects and save them.

Calculation

According to the rules, the maximum rate of tax on residential and non-residential real estate cannot exceed 1.5% of the amount of the minimum wage established by law on January 1 of the tax year for each square meter of taxable area.

However, local councils can set their tax rates depending on the location and type of real estate, as provided for in clause 266.5.1 of the Tax Code of Ukraine.

To find out about tax rates in a specific place, you need to familiarize yourself with the decisions of local self-government bodies.

To calculate the amount of real estate tax, you must first determine the taxable base, which represents the total area of ​​each property in square meters, and multiply it by the corresponding tax rate in hryvnias for each square meter.

The results of the multiplication need to be summed up to get the total daily tax amount in hryvnias for all objects. This amount must be divided into four equal parts to determine the amount of the payment that must be paid quarterly.

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Source: Ministry of Finance

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