- DPS continues to combat VAT fraud schemes with significant financial outcomes
- From January to November 2024, DPS conducted 61 document checks on large taxpayers involved in VAT evasion schemes
- These checks processed 3,623.8 million UAH of fraudulent tax credits involving 50 business entities
- These entities were connected to 377 counterparties who met the criteria for tax risk
- As a result of the audits, additional VAT of 541.1 million UAH and corporate tax of 444.1 million UAH were assessed
- Financial penalties exceeding 176.8 million UAH were applied
- Prevented 69.1 million UAH of budget VAT reimbursement claims and reduced the negative VAT balance by 26.7 million UAH
- Reduced the negative value of the taxable income for corporate tax by nearly 316.1 million UAH
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Ukraine"
- VAT Successor’s Right to Tax Credit After Reorganization: Key Points and Restrictions
- No VAT Re-registration Required for Street, City, or Postal Code Name Changes in Ukraine
- VAT on Personnel Supply Services: Taxation Depends on Recipient’s Registration Location, Says Tax Authority
- Rules for Completing VAT Calculation for Services Received from Non-Resident Non-VAT Payers in Ukraine
- Are Insurance Payment Transactions Subject to VAT Taxation in Ukraine?
