+ 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 season for tax audits on compliance with currency legislation in the part of settlement deadlines for export and import transactions has been opened

author: Alexander Minin

28 April, 2023 Exclusive

The Law of Ukraine "On Currency and Currency Transactions" entitles the National Bank of Ukraine to establish, as one of the measures to protect the stability of the banking and financing system of Ukraine, the deadlines for payments under export and import operations.

Control over compliance of currency legislation, in particular as to the deadlines for making payments under export and import operations, is the duty of the tax authorities, as defined by the Law "On Currency and Currency Transactions".

In practice, such tax audits have not been carried out for quite some time due to the moratorium. Accordingly, the penalty for violation of settlement terms for export and import operations was not applied either.

However, the new year has already seen a real “burst” in the activity of tax officers in these matters: inquiries, tax audits.

The immediate reason for this was the introduction of changes to the Tax Code of Ukraine by the Law 2719-IX as of November 3, 2022, which, in particular, excluded from the moratorium concerning deadlines the inquiries related to currency control in terms of timeliness of payments under export and import operations. The changes also unblocked tax audits on issues of compliance with the deadlines for settlement of export and import operations, and, therefore, the possibility of applying penalties for violations of these deadlines.

However, is everything so clear in this matter? There are grounds to consider that the deadlines for responding to "currency" requests from tax authorities have not yet been renewed and taxpayers should not hurry to respond to such requests.

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


Full text is open only for the subscribers.

Views 788


Is it impossible to challenge the tax audit orders even if they are issued in the absence of legal grounds? Should the taxpayer bite the bullet and tolerate the tax audit? 09 April, 2024    244

Scheduled documentary tax audit in 2024 appointed with the reference to low (compared to industry average) level of tax payment is illegal! 02 April, 2024    351

Yuliia Kryvomaz spoke at the online event of the Ukrainian Bar Association dedicated to recent court practice in tax dispute resolution 12 February, 2024    167

Documentary tax audits and additional accruals – within what terms are they possible now?
And what is the storage period of documents for such tax audits (because how can there be a documentary tax audit without documents)?
09 January, 2024    657

About the cancellation of the moratorium on tax audits 12 December, 2023    312

Difficulties or opportunities: an exemption from fines and penalties in case of payment of calculated tax liability amount within 30 calendar days after receipt of the tax notification-decision under subpara. 69.37 para. 69 of Sub-section 10 Section XX “Transitional Provisions” of the Tax Code of Ukraine 03 November, 2023    681

The Supreme Court is at the service of tax authorities, or how the Supreme Court abolished the tax code, making the right to a tax audit indisputable and absolute 02 October, 2023    610

“A spoonful of honey in a barrel of tar”: what positive changes have been brought about by the latest amendments to the Tax Code of Ukraine? 28 August, 2023    660

Violation of deadlines for settlement of export and import transactions: peculiarities of tax audits and liability during martial law and a little before that 14 August, 2023    547

What’s with scheduled and unscheduled tax audits from August 1, 2023?
The scope of unscheduled audits is expanded, and can a scheduled audit be conducted just because, for example, you are dealing with fuel?
02 August, 2023    541

Are you waiting for renewed audits since July 1, 2023? But they are already “here” in many aspects 04 May, 2023    2690

Amendments to the list of documentary off-plan audits, which are allowed to be carried out for the period before the termination or cancellation of martial law 07 November, 2022    869