Payers who, in tax periods until July 25, 2022, will independently correct errors that led to an understatement of tax liability in the reporting (tax) periods that fell during the martial law, in compliance with procedure, requirements and restrictions defined by Article 50 of the Tax Code of Ukraine, are exempted from accrual and payment of fines and penalties.
Reminder! This is stipulated by the Law of Ukraine № 2260-IX as of 12.05.2022 "On amendments to the Tax Code of Ukraine and other laws of Ukraine regarding the tax administration peculiarities of taxes, levies and single contribution during the martial law and state of emergency", which entered into force on 27.05.2022.
In addition, the value added tax payers temporarily, until termination or abolition of the martial law, do not have a right to submit clarifying calculations to tax declarations, provided for in Paragraph 50.1 Article 50 of the Tax Code, for reporting (tax) periods until February 2022 with indicators for reduction of tax obligations and/or declaration of the value added tax amount for budgetary reimbursement.