+ Word must be in search result. - Words must not be in search result. * Word start/end on characters before/after symbol. ""Words in quotes will be searched as phrase.

 

The decree on penalties for violation of rules on cash circulation has been declared invalid

21 June, 2019 Chronicles and faces

On June 20, 2019 a series of decrees were declared invalid by the Decree of the President of Ukraine No 418/2019, including the Decree No. 436 as of June 12, 1995, “On the application of penalties for violation of rules on regulation of cash circulation”, for which struggled for a long time.

This step cancels outdated and irrelevant rules. Thus, the issue of applying penalties for violating the rules of cash circulation is settled at the normative level.

repeatedly raised the question of doubtfulness of penalties for violation of rules of cash circulation. In particular, in March 2019 during the seminar “Taxes, currency and more: what business needs to know in 2019”, organized by the German-Ukrainian Chamber of Commerce and Industry, Alexander Minin, Senior Partner at , emphasized on the absence of authority of controlling bodies to apply penalties for the violation of standards on cash circulation.

This question has also been considered in analytical materials, in particular «Thoughts on questionable violations for cash uncapitalization/untimely cash capitalization», «Penalties for violation in cash circulation sphere. Is everything so bad?» and «Do the State Fiscal Service of Ukraine and its territorial bodies have a right to apply penalties for the violation of the National Bank of Ukraine standards on cash circulation?».

Views 332

SIMILAR POSTS

Tax dispute: what else to be guided by besides the Tax Code? 28 August, 2019    359

Review of practice of the Supreme Court on important (problematic) issues related to taxation for 2019 02 August, 2019    745

Registration of tax invoices in the Unified Register of Tax Invoices – The Supreme Court has heard us, that the payer doesn’t register! 29 July, 2019    2173

Penalty for late registration of tax invoices in terms of legal certainty 25 July, 2019    465

Registration of tax invoices – who actually registers them and are there any reasons for applying penalties for violation of terms of tax invoices registration in the Unified Register of Tax Invoices? 10 June, 2019    1000

Should the penalty be paid in the event of self-correction (self-assessment) of tax liabilities for previous periods? 10 June, 2019    309

Blocking of tax invoices: the position of the Supreme Court 31 May, 2019    669

The State Tax Service shall not be the controlling authority under the law
and shall not be entitled to conduct tax audits
(or The State Fiscal Service of Ukraine forever, or at least until changes to the Tax Code are inroduced)?
22 May, 2019    1584

The State Fiscal Service=The State Tax Service+ The State Customs Service-competition (and competitive conditions) 07 May, 2019    621

The State Fiscal Service=The State Tax Service+The State Customs Service-competition (and the International Monetary Fund) 26 April, 2019    725

How to Distinguish between Disputable Tax Matters and Criminal Tax Evasion 26 March, 2019    806

Do the State Fiscal Service of Ukraine and its territorial bodies have a right to apply penalties for the violation of the National Bank of Ukraine standards on cash circulation? 22 March, 2019    492

Comment