MISTAKES IN REPORTING: CORRECTED, OR WILL THERE BE A FINE?
If the taxpayer has corrected the errors that understated the tax liability on its own, such a taxpayer is exempt from the accrual and payment of penalties. However, such relief is temporary, starting from 1 August 2023 and until the termination or cancellation of martial law in Ukraine.
We are talking about the fines and penalties provided for in clause 50.1 of the Tax Code. It is important to note that self-detected errors should be corrected in accordance with the procedure, requirements and restrictions set out in Article 50 of the TCU.
Such peculiarities were introduced to the TCU by the Law of Ukraine "On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Peculiarities of Taxation during the Period of Martial Law" dated 30.06.2023 No. 3219-IX.
Source: https://buh.ligazakon.net/news/226340_platnik-viyaviv-ta-vipraviv-pomilki-u-zvtnost-chi-budut-sankts
