Tax specialists exposed tax evasion scheme totaling more than 8 million UAH

Tax specialists, as a result of processing information provided by Main Directorate of the SFS in Trans-Carpathian region, conducted analysis of financial and economic activities of individual – taxpayer related to the construction of residential buildings and the sale of residential and non-residential real estate in the period from 2014 to 2019.

Anti-money laundering department of Main Directorate of the STS in Trans-Carpathian region detected that the specified individual – taxpayer carried out construction of apartment buildings and acquired apartments in its ownership after their commissioning.

Acquired real estate was subsequently sold. Payer was involved in construction of residential and non-residential real estate systematically during 2014 – 2019 and did not reflect these income data in tax reporting.

Being a registered as individual – entrepreneur and being on the simplified system of taxation, accounting and reporting, after exceeding the maximum amount of income, which allows him to be on this taxation system, he did not switch to the general taxation system and did not register as a VAT payer. This led to the non-payment of VAT and personal income tax totaling 8 million UAH.

Analysis materials were handed over to the law enforcement agencies for decision on entering information into the Unified register of pre-trial investigations.

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