On 19 September 2022, the State Tax Service (STS) of Ukraine clarified the procedure for filling and completeness of submission of report on controlled transactions. STS reminds that in accordance with requirements of Article 39 of the Tax Code, taxpayers who carried out controlled transactions in 2021 must submit report on controlled transactions to the STS.
Controlled transactions report must be submitted with notification on participation in an international group of companies by 1 October 2022. Form and procedure for compiling report was approved by Order of the Ministry of Finance № 8 as of 18 January 2016 “On approval of the Form and Procedure for compiling Report on controlled operations”.
The report is to be submitted to the STS by electronic communication means in the electronic form in compliance with the requirements of the Laws of Ukraine “On electronic documents and electronic document management” and “On electronic trust services”.
For failure to submit report and notification, a fine in the amount of 300 subsistence minimums for an able-bodied person which amounts to UAH 681000 UAH for the reporting year 2021 is envisaged.
