In the Kharkiv region, an agricultural enterprise is suspected of evading more than UAH 73 million in VAT

Law enforcement agencies are investigating possible evasion of value-added tax by one of the agricultural enterprises of the Kharkiv region. According to preliminary data of the investigation, the company could have hidden more than 73 million hryvnias of tax liabilities by selling products for cash without properly reflecting such transactions in accounting and tax accounting.

According to information published by AgroReview, this is a sugar sales scheme, during which some of the transactions were carried out for cash without entering the relevant information into tax reporting. This, according to the investigation, allowed the enterprise to significantly underestimate the volume of income and avoid paying value-added tax in particularly large amounts.

Currently, law enforcement officers are conducting a complex of investigative and procedural actions aimed at establishing all the circumstances of a possible offense, documenting the tax evasion scheme and identifying the circle of persons who could have been involved in its organization.

If the guilt of the company’s officials is confirmed, they may face liability under the legislation of Ukraine, in particular for tax evasion in particularly large amounts. In addition to financial sanctions, the law also provides for other legal consequences depending on the circumstances established during the pre-trial investigation.

The tax authorities emphasize that timely and complete declaration of income is the obligation of every business entity, and concealing revenue and conducting unaccounted cash transactions creates risks not only for the state budget, but also for the business itself due to possible fines and criminal consequences.