Capital Amnesty Officially Started In Ukraine

Volodymyr Zelensky, the president of Ukraine, initiated the Tax Amnesty in February 2021. During the last few months there have been numerous changes and amendments to the first Draft Law. Finally, on June 15th, the parliament of Ukraine approved the Law ?5153 (Hereafter - the Law) with 243 votes. It has several differences when compared with the previous Draft Law. 

As we wrote previously, the tax (capital) amnesty?is a one-time government offer for taxpayers to pay a flat or a defined amount of tax in return  for being exempted/forgiven from tax liability on previously undeclared income and related criminal prosecutions. The main idea of the Tax amnesty is not to legitimise funds, but to bring taxpayers into the official tax system.