Failure to submit on time the report on objects of taxation results in a fine of $170 USD
According to p.63.3 of the Tax Code of Ukraine, for the purposes of tax control taxpayers are subject to registration with regulatory authorities at the location of entities, subdivisions of legal entities, place of residence (main place of registration) and by location (registration ) of their units, movable and immovable property, taxable items or objects related to taxation or through which work is carried out (minor place of registration).
Taxpayers, regardless of their chosen taxation system, should report to bodies of revenue and duties on all tax objects associated with their activities. This should be done within 10 days after registration, creation or opening such object. Statement in the prescribed form should be submitted to the Center for taxpayer service of the territorial body of the Ministry of Revenues (window of incoming mail).
Reporting Form № OPP-20 "Notification of objects of taxation or objects related to taxation or through which are carried out activities" is approved by Order of the Ministry of Finance of Ukraine of 09.12.2011, № 1588 "On approval of registration of payers of taxes and fees".
According to the order, the objects of taxation and objects related to taxation or through which activities are carried out (hereinafter - taxation objects) are assets and activities in relation to which the taxpayer has obligations to pay taxes and fees. Such objects for each type of tax and fee shall be determined in accordance with the appropriate sections of the Tax Code of Ukraine.
When changing the information about the object of taxation, namely: change in the type, name, location or condition of the object of taxation, the taxpayer provides mentioned message under form No. 20- OPP with updated information to the authority of revenue and duties at the location of the tax object, for which the changes occurred.
It should be remembered that according to the current legislation failure to the report on taxation objects on time entails a fine of $ 170 hryvnia for self-employed persons and 510 UAH for legal entities.
In case of failure to eliminate these violations for the same acts by a person during the year, against which fines were applied, are punishable by a fine of $ 340 UAH for self-employed persons and 1,020 UAH for legal entities.
Responsibility for violation of the established procedure is regulated by Article 117 of the Tax Code.
