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Ukrainian authorities say civilians do not have to declare captured Russian tanks and military equipment for tax purposes

    A fragment of a destroyed Russian tank can be seen along the road on the outskirts of Kharkov on February 26, 2022.

    A fragment of a destroyed Russian tank seen in the outskirts of Kharkiv, Ukraine, on Feb. 26.SERGEY BOBOK/AFP via Getty Images

    • Ukrainian authorities say captured Russian tanks will not be counted towards civilians’ income.

    • They said seized tanks and military equipment are not required to be declared for tax purposes.

    • The ingestion of such material will be considered a “manifestation of the unity and cohesion of the Ukrainian people,” authorities said.

    Ukrainian authorities have reassured citizens that they will not have to declare captured Russian tanks or equipment they collect as personal income.

    “Have you captured a Russian tank or armored personnel carrier and are you worried about how to report it? Keep calm and keep defending the Motherland!” read a statement from the Ukrainian National Agency for Corruption Prevention (NACP) seen by Interfax Ukraine.

    “It is not necessary to declare the captured Russian tanks and other equipment, as the cost of these does not exceed 100 living wages (248,100 UAH),” the agency explained. The amount works out to about $8,300.

    The NACP’s website said in a document Monday that the seizure of tanks or equipment would instead be considered a “manifestation of the unity and cohesion of the Ukrainian people in the fight against invaders” and will not be taxable.

    “Thanks to the courage and victory of the defenders of the Ukrainian state, enemy military equipment, weapons and other armor arrive as scrap. It is impossible to evaluate such objects in accordance with Ukrainian law,” read the NACP guidelines. .

    Ukraine has vehemently resisted the Russian invasion, which began on Thursday. Amid the conflict, images have surfaced showing what appear to be abandoned Russian military vehicles in Ukraine.

    Insider’s live blog of the Russian invasion of Ukraine covers the developments as they happen.

    Read the original article on Business Insider