Penalties for income tax

Tax consulting
  • supplier of agricultural machinery and equipment, seeds of vegetable and field crops, drip irrigation systems and fertilizers
  • solutions for agriculture
  • about 300 employees

The CFO contacted us with the following request. Supervisory authorities charged additional income tax and VAT on operations related to the import of equipment. The evidences of the tax authorities was based on the assertion that the client violated the rules for determining the book value of goods and equipment. The amount of additional charges charged to the company amounted to more than 8.5 million UAH. The task before our tax advisors was to prepare an evidence base for the client’s lawyers, from which it will be possible to defend the client’s interests in court.

Result

The client won the case in the Higher Economic Court of Ukraine.

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