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Notification of taxable objects or objects related to taxation or through which activities are carried out (Form 20-OPP), or not?

11/ 11/ 2021
  Author: Alexander Fedorko, Lawyer of Dynasty Law & Investmen Recently, taxpayers have received letters from the State Tax Service of Ukraine in which the controlling body indicates the need to submit to the State Tax Service Notification of objects of taxation and objects related to taxation or through which activities are carried out. What is this Notice and do I need to submit it? The procedure for accounting for taxpayers and fees obliges taxpayers to inform the supervisory authority about all objects of taxation. Notification of such objects or through which the activity is carried out is submitted on the form №20-OPP within 10 working days from the date of registration, creation or opening of objects of taxation. Please note that the notice provides information on all taxable items that are owned, leased or leased. In practice, businesses often do not file a за 20-OPP notification or do not fully reflect information about taxable items in such a report. However, non-submission or incomplete display of information about the objects of taxation can lead to negative consequences, namely: A fine of 340 hryvnias for self-employed persons, 1020 hryvnias for legal entities. In case of non-elimination of violations or repeated violations during the year, the amount of the fine is doubled. Increasing the risk of falling into the list of risky taxpayers, which leads to the blocking of tax invoices. Grounds for refusal to register RRO / PRRO. Grounds for refusal to issue a license for trade and storage of fuel. An obstacle in the registration procedure in the system of electronic administration of the sale of fuel and ethyl alcohol. Therefore, non-submission or incomplete presentation of information about taxable objects entails a number of negative consequences and tax risks. In connection with the above, Dynasty Law & Investment experts recommend not to ignore such a not significant at first glance message №20-OPP.

Author: Alexander Fedorko, Lawyer of Dynasty Law & Investmen

Recently, taxpayers have received letters from the State Tax Service of Ukraine in which the controlling body indicates the need to submit to the State Tax Service Notification of objects of taxation and objects related to taxation or through which activities are carried out.

What is this Notice and do I need to submit it?

The procedure for accounting for taxpayers and fees obliges taxpayers to inform the supervisory authority about all objects of taxation.

Notification of such objects or through which the activity is carried out is submitted on the form №20-OPP within 10 working days from the date of registration, creation or opening of objects of taxation.

Please note that the notice provides information on all taxable items that are owned, leased or leased.

In practice, businesses often do not file a за 20-OPP notification or do not fully reflect information about taxable items in such a report. However, non-submission or incomplete display of information about the objects of taxation can lead to negative consequences, namely:

  1. A fine of 340 hryvnias for self-employed persons, 1020 hryvnias for legal entities. In case of non-elimination of violations or repeated violations during the year, the amount of the fine is doubled.
  2. Increasing the risk of falling into the list of risky taxpayers, which leads to the blocking of tax invoices.
  3. Grounds for refusal to register RRO / PRRO.
  4. Grounds for refusal to issue a license for trade and storage of fuel.
  5. An obstacle in the registration procedure in the system of electronic administration of the sale of fuel and ethyl alcohol.

Therefore, non-submission or incomplete presentation of information about taxable objects entails a number of negative consequences and tax risks.

In connection with the above, Dynasty Law & Investment experts recommend not to ignore such a “not significant” at first glance message №20-OPP.

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