Tax specialists prevented scheme credit and non-payment of VAT totaling 18.1 million UAH to the budget

Due to the available analytical capacity, at present the tax specialists are able to track atypical financial and economic operations that can be used to underestimate payable to the budget funds by enterprises of the real sector of economy at the stage of submitting tax invoices for registration in the Unified Register. This makes it possible to ensure the implementation of risky operations at the first stage, ie before submitting the value added tax declaration for the reporting period.

Thus, tax specialists, during the monitoring of financial and economic operations carried out in November 2020 by one business entity operating in the wholesale of in fuels and lubricants, established an attempt to form a tax credit through the purchase of atypical agricultural products. Amount of value added tax on this operation amounted to 18.1 million UAH. As a result of operational processing, the specified business entity refused to carry out this operation.

Due to taken measures, the tax specialists prevented understatement of the payable amount of value added tax and further distribution of the scheme credit.

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