On 23 September 2019, the Ukrainian President Volodymyr Zelenskyi has signed Law No. 101-IX on amendments to the Criminal Code of Ukraine and the Criminal Procedure Code of Ukraine, as adopted by the Parliament on 18 September 2019.
The Law proposed to exclude Article 205 and increase the amount of penalty for tax evasion under Article 212 of the Criminal Code of Ukraine. The penalties have been increased from UAH 51,000 to UAH 85,000 committed by an official of an enterprise, institution, organization, regardless of ownership or entrepreneur without creating a legal person or any other person who is obliged to pay them (from UAH 85,000 to UAH 119,000 for group of persons) for tax evasion.
The Law came into force from 25 September 2019.
