Tax penalties has changed

The SFS in the Volyn region reminded about changes of penalties for separate tax violations, namely:

1) from 23.05.2020 fines for violations under Art. 117, 120 of the Tax Code of Ukraine has increased. For non-submission or late submission of tax returns, the amount of penalties was increased from 170 hryvnias to 340 hryvnias. The same actions committed by a taxpayer who was fined for such a violation during the year - entail the imposition of a fine of 1020 hryvnias for each such non-submission or late submission;

2) from 01.01.2021 the amounts of fines for violation of the rules of payment of taxes were changed:

  • fines are reduced if the taxpayer does not pay the agreed amount of the monetary obligation: in case of delay of payment up to 30 days - from 10 to 5%, after 30 days - from 20 to 10%;
  • separate fines were imposed for cases of intentional repeated violation in the amount of 25% and intentional repeated violation for a period of more than 90 days - 50%.

New amounts of penalties were introduced by Law № 466-IX “On Amendments to the Tax Code of Ukraine to Improve Tax Administration, Eliminate Technical and Logical Inconsistencies in Tax Legislation”.

However, for the period of quarantine the effect of the above norms is postponed.

Read 260 times