Thursday, March 3, 2022
Ukraine: Captured Russian Tanks And Navy Tools Are Not Taxable Revenue
Enterprise Insider, Ukrainian Authorities Say Residents Do not Must Declare Captured Russian Tanks and Navy Tools for Tax Functions:
Ukrainian authorities have reassured residents that they need not declare captured Russian tanks or any gear they choose up as private revenue.
“Have you ever captured a Russian tank or armored personnel service and are fearful about the way to declare it? Preserve calm and proceed to defend the Motherland!” a press release from the Ukrainian Nationwide Company on Corruption Prevention seen by Interfax-Ukraine stated.
“There is no such thing as a must declare the captured Russian tanks and different gear, as a result of the price of this … doesn’t exceed 100 residing wages,” or 248,100 Ukrainian hryvnia, the company stated, in accordance with Interfax-Ukraine. The sum equates to about $8,300.
(Hat Tip: Ann Murphy)
https://taxprof.typepad.com/taxprof_blog/2022/03/ukraine-captured-russian-tanks-and-military-equipment-are-not-taxable-income.html
