DPS Continues to Combat VAT Fraud Schemes: Audit Results Unveiled

• 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.

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