Ukrainians were told how many years they need to keep tax returns and reports

Taxpayers in Ukraine were reminded of the storage periods for tax reporting, declarations and other documents submitted to regulatory authorities. This applies to both paper documents and electronic files.

As explained by the State Tax Service, the obligation to submit declarations and other documents related to the calculation and payment of taxes and fees is stipulated by Article 16 of the Tax Code of Ukraine.

Tax reporting must be submitted for the relevant reporting period within the deadlines established by law to the tax authority at the place of registration of the payer.

A separate file is formed for each payer

The State Tax Service reminded that in accordance with the Procedure for Accounting for Taxpayers and Fees, approved by Order of the Ministry of Finance No. 1588, a separate accounting file is formed for each payer.

At the same time, the storage periods for documents are determined by a special List of Standard Documents for State Bodies and Legal Entities.

Taxpayers emphasize: the same retention periods apply to electronic documents as to paper documents.

What documents must be stored for 5 years

According to the current List, the following are subject to a 5-year retention period:

declarations and other tax reporting of all taxpayers;
documents on accrued and paid income to individuals;
reports, calculations, applications, certificates and payment documents related to tax reporting;
income declarations and documents on payment of the single social contribution;
annual reports of individual entrepreneurs – payers of the single tax (subject to the completion of the audit by the tax authorities).

At the same time, quarterly reports of individual entrepreneurs have a shorter retention period – 3 years.

The State Tax Service notes that the retention period for tax reporting in the accounting files of payers whose activities are not terminated is generally 5 years.