REUTERS
The Large Taxpayers Office under the State Fiscal Service of Ukraine in January-September revealed questionable transactions worth UAH 6 billion, or US$223 million, due to the monitoring of risk transactions during a campaign designed to declare current VAT liabilities, according to the Office's website.
Mostly, such transactions are made only on paper by enterprises, the so-called "cross-transits," which are involved in the substitution of stock-keeping units. The transactions are not related to real goods or services. A network of transit enterprises is used to minimize budget payments.
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As UNIAN reported earlier, Ukrainian major taxpayers in January-October 2017 transferred UAH 211 billion, or $7.8 billion, to Ukraine's national budget, which was 20% up year-over-year.