On 17 November 2021, Ukraine has published Law No. 1888-IX in the Official Gazette increasing thresholds of criminal liability for tax evasion. The changes are applicable from 25 November 2021. The new fines are given below:Â
Evasion | Previous Penalty | New Penalty |
Intentional evasion of taxes, fees (mandatory payments) included in the tax system introduced in the manner prescribed by law, committed by an official of an enterprise, institution, organization, regardless of forms of ownership or a person engaged in business activities without establishing a legal entity or any other person who is obliged to pay them, if these actions led to the actual non-receipt of budgets or state trust funds. | A fine from 3000 to 5000 times the minimum tax | A fine from 5000 to 10000 times the minimum tax with deprivation of the right to hold certain positions or engage in certain activities for up to 3 years. |
The same acts committed by a group of persons with prior conspiracy, or if they have led to the actual non-receipt of large amounts of funds in the budgets or state trust funds. | A fine from 5000 to 7000 times the minimum tax | A fine from 10000 to 15000 times the minimum tax with deprivation of the right to hold certain positions or engage in certain activities for up to 3 years. |
A person shall be released from criminal liability, if taxes, fees (mandatory payments) have been paid before he/she is prosecuted, and the damage caused to the state by their late payment (financial sanctions, fines) has been reimbursed.