SFS to check all entrepreneurs closed down following single tax legislation changes

The State Fiscal Service (SFS) of Ukraine intends to audit all individual entrepreneurs, who closed down their businesses late December 2016 - early January 2017 after legislation on single tax payment was changed, Head of the State Fiscal Service of Ukraine Roman Nasirov told journalists on Friday, February 17.

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"Many of those who have closed down were business entities that had not operated for a year or two. Therefore, it is not difficult to check them. Meanwhile, there were some entities that were functioning without declaring any profits. However, we realize that it is difficult to prove [their wrongdoing]," he said.

According to Nasirov, along with the closure of non-functioning business entities, some 28,000 new entities opened in January.

"The inspection process is in line with the law and it will take place in accordance with established procedure. We conduct audits, according to the Code," the head of SFS added.

Read alsoFiscal chief expects additional UAH 70 bln from deshadowing of Ukraine’s economyEarlier, on January 20, OpenDataBot monitoring service of Ukrainian companies' registration data unveiled information on 158,186 business entities that had been closed down within three weeks from the date of the president signing the law on changes in the operations of individual entrepreneurs.

As UNIAN reported earlier, President of Ukraine Petro Poroshenko, on December 27, signed amendments to the law on the operations of individual entrepreneurs, according to which individuals-entrepreneurs must pay UAH 704 in single social contribution per month from January 1, even if they report no income.

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