Property of the Joint-Stock Company “PivdGZK” Mining and Processing Plant was transferred to the tax lien due to non-payment of tax liability in the amount of 3.7 billion UAH

Property of the Joint-Stock Company “PivdGZK” Mining and Processing Plant was transferred to the tax lien due to non-payment of tax liability in the amount of 3.7 billion UAH. This was informed by Head of the State Tax Service of Ukraine Ruslan Kravchenko in the Telegram channel.

He recalled that the Supreme Court had ordered the “PivdGZK” to pay these funds to the budget. Over three years, the company had paid 29.8 billion UAH of dividends to 12 Cypriot companies. However, real income recipients were structures in the Netherlands – therefore, there were no grounds for applying a preferential rate.

"Unfortunately, the payer is currently ignoring the court’s decision. Amount was not paid within 10 days, stipulated by the Tax Code of Ukraine for voluntary fulfillment of monetary obligation. Since the beginning of May, this debt has officially become the tax debt" – stated Ruslan Kravchenko.

State Tax Service has already sent a letter to the debtor regarding the need to pay tax debt, tax claim and made a decision on the description of property. Based on the act compiled and agreed with the taxpayer, property is registered as the tax lien.

If the debt is not paid, property listed in the tax lien will be sold to pay it off. By the way, penalty is accrued on the amount of debt, namely 120% of the annual NBU discount rate.

"If someone avoids fulfilling financial obligations, there will be answer for it. Law is the same for everyone. The court’s decision must be implemented" – added Head of the State Tax Service.