Tax specialists of Donetsk region terminated activity of individual – entrepreneur who provided conversion services

Tax specialists of Donetsk region exposed the tax evasion scheme of individual – entrepreneur who provided conversion services for relevant percentage of remuneration.

Specialists of Anti-money laundering department of Main Directorate of the STS in Donetsk region found out that the infringer drew up primary documents for the supply of various inventory to customers who did not actually receive it. Monetary funds received for this “fictitious” sale were converted into cash through terminals of banking institutions, and further, after deducting a certain percentage, were transferred to the customer companies. More than 14 million UAH was transferred in cash by this individual – entrepreneur during 2016-2018.

After processing, the tax evasion scheme was terminated; amount of losses caused to the state due to understatement of tax base by the single taxpayer of Group II has amounted more than 5.5 million UAH.