Quite often during business activities there are situations when there are fines and penalties imposed. When do the taxpayers have the right to write them off and how to use them – below.
Law of Ukraine “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Social Support of Taxpayers for the Period of Restrictive Anti-Epidemic Measures Introduced to Prevent the Spread of Acute Respiratory Disease COVID-19 caused by SARS-CoV-2 Coronavirus in Ukraine” No. No. 1072 of December 4, 2020 provides for the write-off of fines and penalties in the case of payment by taxpayers of the tax debt, which arose as of November 1, 2020 on the principal payment. Such debt must be paid in cash within six months from the date of entry into force of the Law (from December 10, 2020 to June 9, 2021 inclusive). In addition, the taxpayer ensures timely and full payment of current tax liabilities.
To use this rule, taxpayers must apply to the controlling body at the place of registration of tax debt with a statement.
An example of the statement.
Please note that state and municipal enterprises that have a tax debt that arose as of November 1, 2020, also have the opportunity to exercise the right to write off fines and penalties.
