Business checks are approaching: who will the tax authorities soon come to

Starting August 1, the authorities are returning business inspections. The deputies made a number of changes to the Tax Code of Ukraine.

Finance.ua reminds us of this.

In 2023-2024, scheduled inspections will affect only such companies or entrepreneurs:
- carrying out activities in the field of production and sale of excisable products;

- carrying out activities in the field of organizing and conducting gambling in Ukraine (gambling business);

- rendering financial, payment services;

- other payers who, based on indicators formed at the end of 2021, have one of the following risks:
- the level of income tax payment is 50 percent or more less than the level of tax payment in the relevant industry;
- the level of payment of value added tax is 50 percent or more less than the level of tax payment in the relevant industry;
- accounts receivable exceeds accounts payable by more than 2 times;
- the total amount of expenses reflected in the tax declaration on property status and income is 75 percent or more of the total annual income declared in such a declaration, provided that the amount of the total annual income received from entrepreneurial activity is UAH 10 million and over ;
- accrual and / or payment by a tax agent - a legal entity of income in the form of wages in the amount of less than the average wage for enterprises in the relevant industry in the relevant region.

Tax authorities do not have the right to check two categories of subjects:

- payers of the single tax of the first and second groups, and the moratorium on inspections will be valid until August 1, 2024,

- legal entities and individual entrepreneurs whose official location is the temporarily occupied territory, the territory of active hostilities or possible hostilities - until the end of temporary occupation, cessation of active hostilities or the possibility of hostilities or until the state registration of the change in location,

- legal entities and individual entrepreneurs, objects of taxation or objects related to taxation of which are located in the temporarily occupied territory, the territory of active hostilities or possible hostilities - in terms of conducting actual checks at the location of these objects - until the end of the temporary occupation, termination active hostilities or the possibility of hostilities.

But the moratorium does not apply to inspections of single tax payers of the first and second groups who have decided to stop their activities.

Also, the moratorium will not apply if a taxpayer with a registered address in the temporarily occupied territory or the territory of active hostilities decides to start the reorganization or liquidation procedure, or applies for a budget refund of VAT or declares a significant negative value of this tax. In such cases, the tax authorities will have the opportunity to conduct an unscheduled audit.

Recall that in Ukraine, natural persons-entrepreneurs can terminate their business activities remotely. You can also change the form of business ownership.