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Ukraine Increases Criminal Penalties for Tax Evasion

07 December 2021

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Approved Changes

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Ukraine

Ukraine has published Law No. 1888-IX of 17 November 2021 in the Official Gazette, which entered into force on 27 November 2021 and amends the Code of Ukraine on Administrative Offenses and the Criminal Code of Ukraine. This includes, among other things, amendments to increase the criminal penalties for tax evasion. In the case of intentional evasion of taxes and fees (mandatory payments) in the Ukraine taxation system by an official of an enterprise, institution, organization, etc., such person will be subject to a fine of 5,000 to 10,000 non-taxable minimum incomes and will be barred from holding certain positions...