Ukrainians explained how to transfer money to a card and avoid problems with taxes and banks.

How to avoid tax issues when transferring money in Ukraine

Ukrainians are increasingly facing taxation problems when receiving money transfers, especially in cases where these payments are made regularly. According to Ukrainian legislation, transfers between close relatives are not subject to taxation, but large and systematic payments may be considered taxable at a rate of 19.5%.

Specialists recommend always stating a clear purpose for the transfer, avoiding receiving large sums from unknown individuals, and if you are receiving payments for goods or services, it is better to register as a private entrepreneur (FOP).

By following these tips, it is possible to avoid troubles with the tax service and banks. Moreover, it is important to remember that safety when receiving money transfers is a priority, so one should be cautious when receiving money from unknown individuals.