What are the problems with obtaining a tax credit?

There is a problem of tax calculation and its return. When calculating 15% is paid as income tax. Plus, there are payments to various funds – up to 3%. When a loan is taken, the tax returns not gross, but net.

If a person’s salary is less than UAH 8,000, then 12-13% is returned from 15%. If more than 8 thousand UAH – the amount does not change.

This applies to both non-state pension funds and long-term life insurance contracts.

The law declares that there is a refund of the paid tax, but in fact, not the entire amount is returned. This happens within the framework of the interpretation of the instructions of the State Tax Administration on the preparation of declarations for individuals. I believe that it is necessary for a person to receive all the money, because today they are not used for consumption, but are put aside. The tax must be paid ten years after the expiration of the contract.