Tax specialists exposed tax evasion scheme and withdrawal of funds outside Ukraine

Press service of the State Tax Service of Ukraine, published 27 November 2020 at 11:43 Chapter: News

Tax specialists exposed operations conducted by business entities for the export of unrefined sunflower oil and non-granulated meal outside the customs territory of Ukraine (export) with a total invoice cost of 595.7 million UAH. Export operations were carried out under contracts with non-residents registered in the United Kingdom.

According to information received from the authorized banks, funds for exported goods (products), according to the concluded contracts, were not transferred to the accounts of business entities within the terms determined by current legislation. Tax corporate income tax declarations for the reporting (tax) period 2019 were not submitted to the supervisory authority.

As follows, actions of officials of such business entities could be aimed at concealing the real owner of goods exported outside the customs territory of Ukraine, as well as intentional concealment of income from export operations.

Research materials collected by employees of the Anti-money laundering department of Main Directorate of the STS in Kirovohrad region were handed over to the law enforcement agencies for a decision under Article 214 of the Criminal Procedure Code.

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