Penalties for Errors in VAT Declaration Submission During Wartime: Rules and Amounts Explained

• Tax authorities explain rules and penalties for errors in VAT declaration submission, including during martial law.
• VAT declaration form and submission deadlines are available online.
• The form is approved by the Ministry of Finance order from January 28, 2016, with updates.
• Taxpayers must calculate, declare, and pay taxes as per the Tax Code of Ukraine.
• Tax declarations must include mandatory details and be signed.
• Incorrectly prepared tax reports are not considered valid declarations.
• Taxpayer responsibilities are outlined in Chapter 11, Section II of the Tax Code.
• Legal liabilities for tax law violations include financial, administrative, and criminal penalties.
• Taxpayers calculate their tax obligations and ensure data matches accounting records.
• Taxpayers can submit corrected declarations before the deadline for the same period.
• If errors are found in previous declarations, taxpayers must submit a corrective calculation.
• If underpayment is discovered, taxpayers must pay the shortfall and a 3 percent penalty.

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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