Tax specialists exposed repair and construction scheme which costed 3.6 million UAH to the budget

Tax specialists exposed scheme aimed at legalization of budget funds totaling more than 18 million UAH and tax evasion by forming a fictitious tax credit totaling more than 3.6 million UAH.

Tax specialists of main Directorate of the STS in Poltava region found out that construction organization invented a repair and construction scam and used it in financial and economic operations with enterprises that supplied goods, carried out repair and construction works and services at social facilities located in Poltava and other regions of Ukraine.

Another enterprise – the winner of tender for the repair and construction of social facilities, trying to get extra profits from the “preparation” of public funds overestimated the costs, involving business entities with fictitiousness signs and transit companies.

Funds were transferred to the accounts of these enterprises for allegedly provided services, performed works or received material values which were later transferred into cash. Currently, 20 business entities have been identified, officials of which were involved in the legalization (laundering) of budget funds and formation of a tax credit scheme through the registration of non-commodity operations with construction organization (winner of the tender). This minimized payment of tax revenues to the budget and facilitated the appropriation of budget funds.

Research materials were sent to the law enforcement agencies, as a result of which a decision was made to register criminal proceeding under Part 1 Article 191-3 of the Criminal Code of Ukraine in the Unified Register of the pre-trial investigations.