What is Form 20-OPP, how to fill it out correctly and when to submit it?

Pursuant to clause 63.3 of the Tax Code, an entrepreneur must provide information on all taxable objects to the tax service in accordance with the procedure for accounting for business entities.

What is Form 20-OPP?

The 20-OPP is a report that an entrepreneur fills out and submits to the tax authorities. The document must contain data on real estate and movable property if it is on the company's balance sheet and is used in business activities to generate profit. The Ministry of Finance of Ukraine approved the structure, form and rules for filling out the document in Order No. 1588.

In other words, an entrepreneur must declare in Form 20 of the tax return the objects from which he or she receives income. For example, it may be a vehicle, a plot of land, a retail outlet, etc.

Who should fill out the 20-OPP form?

Entrepreneurs must submit Form 20-OPP regardless of the type of taxation. This means that taxpayers who are subject to both the general taxation system and the simplified taxation system must fill out and submit the reports.

This is especially relevant for entrepreneurs of groups 2 and 3, who have switched to using cash registers since 2022, in accordance with the Law of Ukraine "On the Use of Cash Registers in the Field of Trade, Catering and Services". To register a cash register, you must submit all the data on the objects of taxation in the form of Form 20-OPP.

All entrepreneurs, including those who pay the single tax, must fill out the document. In accordance with paragraph 63 of the Tax Code, an entrepreneur must notify the tax authorities of his or her presence:

• objects through which a person carries out business activities;

• objects related to tax collections;

• objects subject to taxation.

It is important to note that the above objects may not necessarily be included in the entrepreneur's property. The law provides for the very fact of having the right to use them.
Here's an example: a person owns a truck as a lessee, so he or she must submit an additional form 20-OPP along with the documents for the tax authorities. If a branch of the company submits reports, the head office may not submit a form with information about the objects.

What are the changes in the 20-OPP form for 2024?

The State Tax Administration (STA) does not foresee any significant amendments to the current reporting form. However, in connection with the adoption of the new standard KATOTTG (Codifier of Administrative and Territorial Units and Territories of Territorial Communities) No. 290, the names of the 6th and 7th lines of the document have been changed. This is due to the fact that new terms have been introduced to denote territorial divisions.

What objects should be indicated in Form 20-OPP?

Entrepreneurs include in their reports only objects that generate income. To avoid confusion in their classification, it is necessary to clarify the following point: taxable objects such as money, products, income tax, etc. must be declared in other types of reporting. They do not need to be indicated in the 20-OPP form. The full list of objects that, if any, should be reflected in the form can be found here.

In other words, the entrepreneur enters data on personal assets and leased assets into the document. These issues are regulated by the Order of the Ministry of Finance of Ukraine No. 7 "On Approval of Tax Consultation".

The first group includes the objects used by the company to carry out its business activities and which are subject to taxation, i.e., which are on the company's balance sheet. In this case, the following should be noted in the 20 TIU for individual entrepreneurs:

1. An object that is put on the company's balance sheet, for example, when buying or leasing a building or plot of land.

2. An object to which changes have been made. For example, new equipment has been installed, or a house has been built on a purchased plot.

The second group includes objects that an entrepreneur uses to generate income:

1. A production facility: a factory, atelier, plant, workshop, etc., i.e. a place where various services are provided, repaired, or goods are produced.

2. A store, warehouse, warehouse, outlet, such as a market, is a place where products are stored or sold.

3. Facilities where services are provided, such as a cinema, restaurant, service station, salon, etc.

How to fill out Form 20-OPP correctly?

The document contains 11 columns.

Column "Code of data presentation feature"

There are 3 codes:

1 — indicates the first submission of data about the object, for example, when a new object was entered on the balance sheet of the enterprise;

3 — indicates a change in the status of the object;

6 — indicates the closure of an object, for example, if the object was put up for sale or removed from the company's balance sheet for other reasons.

Column "Type of taxable object"

It defines the types of objects for which the entrepreneur pays taxes and which are put on the company's balance sheet or deregistered.

Column "Name of the taxable object"

Enter the full name of the object in the line.

Column "Taxable object identifier"

You need to specify the type of taxable object.

Column "Administrative unit"

The entrepreneur fills out the form in accordance with the CATTTG, and enters the address of the object.

Column "Object status"

You need to choose from the list:

• is under construction,

• in operation,

• is temporarily not used,

• unfit for use,

• was written off the company's balance sheet,

• was leased,

• change of purpose,

• renting.

Column "Type of ownership of the object"

You need to choose an option that accurately describes the entrepreneur's right to the property:

• the right to use on a permanent basis,

• property rights,

• mortgage,

• the right to lease for a long-term period,

• the right of lease for short-term use,

• the right of operational management,

• the right of economic management.

Column "Registration at the actual location of the object"

If the actual and legal addresses of the object are different, check this box.

Column "Registration number"

The registration number of the object must be indicated if it has a state registration certificate.

What is the deadline for submitting Form 20-OPP?

 The document must be filled out and submitted within 10 days afterwards:

• creating an object,

• registration of the object,

• putting the facility into operation.

If the information about the object has changed, for example, its address or status has changed, the data in the form can be updated and the document can be submitted together with other tax reports. You can download the 20-OPP sample in the current form from the Order of the Ministry of Finance of Ukraine No. 1588.

Penalties for late submission of Form 20-OPP

Article 117 of the TCU provides for the following types of fines for late submission of the 20-OPP form: UAH 1,020 for legal entities and UAH 340 for self-employed and individual entrepreneurs. The amount of the fine will double if the entrepreneur commits a repeated violation within a year.

Therefore, in order to use movable and immovable taxable objects in your business activities in accordance with the law, do not forget to record them in Form 20-OPP and submit them to the tax authority in a timely manner.