What will be the failure to respond to the request of the tax authority?

From April 28, 2023, fines were introduced for failure to provide information to requests from the tax office.

These changes were introduced by Law No. 2970, which introduced the international exchange of tax information (CRS). However, fines are provided for failure to provide information on any requests from the tax office, not only those related to international exchange issues.

The new clause 121.2 of the Code of Civil Procedure introduces a fine for the failure of the payer to submit documents or information upon request:

• when the request is sent on issues of international data exchange — the amount of the fine is 5 mzp, as of today it is UAH 33,500;

• when the request is sent in other cases provided for by Art. 73 PKU — the amount of the fine — 1 mzp, as of today it is 6,700 hryvnias.

Payment of the fine does not release the obligation to provide the requested information.