Controlled foreign companies clarified declarations: budget additionally received 34 million UAH
Press service of the State Tax Service of Ukraine , published 25 June 2025 at 11:41 Chapter: News
Due to constructive dialogue between the State Tax Service and individuals who control controlled foreign companies, the budget additionally received 34.8 million UAH. These funds are the personal income tax and military levy, which were paid after submitting revised declarations.
Until the end of martial law, taxpayers can independently correct errors in reporting without a risk of paying fines and penalties. This is provided for by the Tax Code of Ukraine.
Fines for violations related to controlled foreign companies are also not applied if the controlling entities fulfill obligations specified in Article 392 of the Code within six months after the end of martial law.
This is a good example of how dialogue between the tax authorities and taxpayers produces concrete results. In the martial law conditions, responsible attitude of business towards paying taxes is extremely important for maintaining the country’s defense capability and economic stability.
State Tax Service urges not to delay in submitting reports.