Regarding the state control (observance) and supervision in the pricing sphere

State Tax Service of Ukraine informs that the Law of Ukraine “On amendments to the Tax Code of Ukraine and other legislative acts of Ukraine on the administration of certain taxes during martial law, state of emergency” as of 01.04.2022 № 2173-IX, the tax authorities are empowered to exercise state control (observance) and supervision in the pricing sphere according to the Law of Ukraine “On prices and pricing”, temporarily for a period until termination or abolition of the martial law in Ukraine.

From now until termination or abolition of the martial law in Ukraine, the tax authorities will monitor taxpayers’ compliance with the Law on fixed prices, marginal prices and marginal levels of trade margins, except for the control of pricing and tariff policies in energy and utilities sectors by conducting actual audits.

Such audits will be carried out, in particular, in the case of:

obtaining information indicating possible taxpayer’s legislative violations regarding prices and pricing in manner prescribed by the Law from state bodies or local governments;

obtaining written request from the buyer (consumer), executed according to the Law, regarding taxpayer’s violation of established procedure for formation, establishment and application of state regulated prices.

STS urges taxpayers not to allow unjustified increases in prices for products of significant social significance for population and warns about liability established by the Law (withdrawal of unreasonably received revenue and fine).