Tax service exposed the scheme of forming fictitious tax credit totaling 5 million UAH

Press service of the State Tax Service of Ukraine, published 29 September 2020 at 10:29 Chapter: News

Specialists of Main Directorate of the STS in Khmelnytskyi region conducted analytical research which resulted in termination of the shadow scheme of forming a fictitious tax credit totaling 5.1 million UAH.

It was identified that during 2018 – 2019, officials of the limited liability company, registering tax invoices without the actual implementation of business operations and signing them with an electronic digital signature, knowingly entered false data into the Unified register of tax invoices totaling more than 5 million UAH of the VAT.

Illegal registration of tax invoices was carried out for further documentation of non-commodity operations with enterprises of the real sector of economy of Ukraine, which minimized payment of tax revenues to the budget and legalization of funds of unknown origin as a result of operations without tax reporting.

Currently, the Tax service of Khmelnytskyi region has identified 24 business entities whose officials were involved in the tax credit formation scheme.

Research materials were handed over to the law enforcement agencies.