Ignoring a Tax Summons in Ukraine: Know the Risks

Ukraine: Ignoring Tax Summons Carries Steep Penalties Kyiv, Ukraine – Failing to respond to a summons from the Ukrainian tax authority can result in significant financial and legal repercussions, according to a recent video by legal counsel Oleksandr Sterling. The video highlights the potential penalties for non-compliance, emphasizing the importance of understanding and adhering to tax regulations. Sterling explains that simply not appearing carries a fine of 51 to 136 hryvnias under Article 163.1 of the Tax Code. However, the consequences can be far more severe. He states: "If you don't provide information on the source of your funds, you face Article 164, with administrative penalties and potential court action resulting in fines from 17,000 to 34,000 hryvnias." The video underscores the importance of cooperation with tax authorities and the potential for further investigations if a taxpayer fails to comply. While the video focuses on the legal ramifications, it also implicitly encourages responsible tax behavior and proactive engagement with the tax system. This timely information serves as a crucial reminder to Ukrainian taxpayers of the importance of complying with official requests from the tax authority.