State Tax Service Explained How Penalties For Violations Are Applied

By its letter No. 9993/7/15-1417 dd. 05.04.2012 "On Providing a Consultation" the State Tax Service clarified the application of penalties for violations of law concerning the application of paragraph 6 subsection 10 section XX of the Tax Code of Ukraine, under which financial penalties do not apply to corporate tax payers and to taxpayers that have switched to a common system of taxation, for violation of tax laws upon the result of the second – fourth calendar quarters of 2011.

STS explains that financial penalties shall not apply:

1. in the case the taxpayer itself discovers errors and amends the tax returns upon the results of the second – fourth calendar quarters of 2011,