- Taxpayers are required to calculate, declare, and pay taxes as per the Tax Code of Ukraine.
- Tax declarations must include mandatory details and be signed.
- Declarations with errors are not considered valid unless exceptions apply.
- Taxpayer responsibilities are outlined in Chapter 11 of the Tax Code.
- Legal liabilities for tax violations include financial, administrative, and criminal penalties.
- VAT reporting procedures are established by the Ministry of Finance.
- Taxpayers calculate their tax obligations and ensure consistency with accounting records.
- Corrections to declarations can be made before the deadline for the same period.
- If errors are found later, taxpayers must submit a revised calculation.
- Underreporting requires payment of the shortfall and a 3 percent penalty.
- Failure to comply with self-correction rules results in a 5 percent penalty.
- Proper self-correction following the Tax Code avoids additional penalties.
Source: od.tax.gov.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.
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