Tax risks monitoring system at the registration of the tax invoices / calculation adjustments is effective tool in combating the VAT minimization schemes

Tax risks monitoring system at the registration of the tax invoices / calculation adjustments is necessary to ensure that the constitutional obligation to pay taxes is respected by all taxpayers, without exception.

It is a deterrent to irresponsible taxpayers who receive the tax benefits illegally through fictitious business operations and at the same time ensures the rights and guarantees of the law-abiding taxpayers.

It is difficult to overestimate the efficiency of this system: over the period from 23.03.2018 to 31.12.2019, the number of the tax invoices / calculation adjustments registration of which has been suspended due to the results of automated monitoring and for which the taxpayers have not provided explanations and copies of documents amounts 354 065 of the tax invoices / calculation adjustments, meanwhile the Tax service prevented registration of unreasonable tax credit for 8.4 billion UAH!

These are the taxpayers who have not even expressed the desire to confirm the reality of business operations (not having at all the primary documents or knowing that the commissions of the STS bodies will immediately give a proper legal assessment of the submitted documents). Such companies are mostly interested in disrupting the operation of this effective mechanism to combat irresponsible taxpayers.

Using the tax risks monitoring system at the registration of the tax invoices / calculation adjustments the State tax service of Ukraine protects the economic interests of the state and honest taxpayers from minimization schemes and the misuse.