Chief Accountant Kristina Vorozhbitova about the currency declaration

Chief Accountant Kristina Vorozhbitova about the currency declaration

Author

Vorozhbitova Krystyna

We no longer file a currency declaration!

The provisions of the Law of Ukraine "On Currency and Currency Transactions" dated June 21, 2018 № 2473-VIII, do not contain requirements for declaring currency values. Therefore, the declaration of currency values ​​for the reporting periods starting from the first quarter of 2019 is not submitted. The last period for which it was necessary to file a declaration is 2018 (as of January 1, 2019).
If someone had doubts about the cancellation of the declaration of currency values, then with the advent of this consultation, they finally vanish. Separate semi-formal consultations by the controllers have appeared before, but their status did not inspire much confidence.
It will be recalled that these doubts were not caused by the fact that the Law on Currency does not provide for the declaration of currency values ​​and property that are outside Ukraine. This is already clear and not puzzling. The issue was that this Law came into force on February 7, 2019. The declaration is made quarterly as of the first day of the quarter. That is, strictly speaking, the period from January 1 to February 7 remained suspended. It was in relation to this period that there was a doubt: would the controlling bodies not say that this period of time (or the entire first quarter as a transitional period) should still be closed by a declaration? the date of declaration (on the first day of the second quarter) the obligation to file a declaration will no longer apply. This consultation actually tells about it.

First, it is correct for the formal reasons we mentioned above.

Secondly, it is not the movement of currency values ​​and property that is declared, so to speak, "for" the period, but their presence on a certain date. In itself, the date of February 7 (or any other date other than the first day of the quarter) has no legal significance. Therefore, the declaration of the period from 01.01.2019 to 07.02.2019 is essentially incorrect. Well and about all I quarter (as of 01.01.2019) and speech cannot be.
As a result, we state the fact: the last currency declaration had to be submitted within the deadlines set for the submission of financial statements to the tax authorities as of January 1, 2019.