The State Tax Service of Ukraine issued a notice on fines for specific transfer pricing reporting violations on 5 February 2025.

A penalty of 100 subsistence minimums is imposed for not submitting the notification of participation in an international group, while a fine of 50 subsistence minimums applies for late submission.

The penalty for delayed declaration of controlled transactions in the report is 1 subsistence minimum per day of delay, with a maximum limit equal to the lower of 300 subsistence minimums or 0.5% of the value of the undeclared controlled transactions.

The new fines will take effect on 25 March 2025.

Earlier, the State Tax Service of Ukraine announced changes to the transfer pricing rules concerning the identification of related parties and controlled transactions on 31 December 2024.