+ 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.

 

Blocked exports, or how the tax authorities get control over exports under the guise of fighting against the non-return of currency

authors: Alexander Shemiatkin, Tetiana Poberezhska

01 July, 2024 Exclusive

The tax authorities are now entitled to block tax invoices registered in connection with the export of goods. Given the problem with blocking tax invoices in recent years, such rules put exporters at risk of exporting certain types of goods and incurring losses due to vessel downtime, as they cannot clear the goods through customs without a tax invoice.

The full version of the article is available in Ukrainian by the link.

Kind regards,

© WTS Consulting LLC, 2024

Views 2028

SIMILAR POSTS

Currency transactions and foreign trade settlements with non-residents as of July 2026: New currency control easing measures for businesses and tighter bank oversight of payment transactions 02 July, 2026    173

“Constructive dividends”: Is the amount exceeding the arm’s length price of goods purchased from a non-resident subject to non-resident income tax under the Tax Code of Ukraine? 11 June, 2026    301

“Where to find the true law” update: Repealed provision finally removed from the consolidated Tax Code on the Parliament’s website 12 February, 2026    492

Settlement deadlines under export-import contracts for which a penalty shall be imposed in case of violation: 180 or 365 days? 20 June, 2025    4817

Сurrency transactions and foreign trade settlements with non-residents as of the end of 2024: Deregulation in some cases and new limitations in others 13 December, 2024    33131

Compliance with the export security regime during customs clearance: sailing against the wind 11 July, 2024    3399

Where to find the true law? OR
How to determine valid provisions of the Tax Code at the particular time period?
19 January, 2024    2499

Сurrency transactions and foreign trade settlements with non-residents as of the end of 2023: Deregulation in some cases and tightening the screw in others 12 December, 2023    3080

Illegal blocking of tax invoices is an undermining of the economic security of Ukraine 03 May, 2023    10389

CURRENCY TRANSACTIONS AND FOREIGN TRADE SETTLEMENTS WITH NON-RESIDENTS IN 2023 09 February, 2023    23172

Amendments in terms of VAT invoices registration and fines for their untimely registration: General for the whole duration of the war,
and as a “remedy” of the situation upon re-launching of VAT invoices registration in Summer 2022
27 January, 2023    9065

The abusive partner’s method: on changes to the Procedure of blocking registration of tax invoices 09 January, 2023    2588

Comment