Penalties for income tax

Tax consulting
  • the market leader in the construction of residential and non-residential buildings
  • construction
  • about 120 employees

The chief accountant asked us for advice on the next issue. Based on the result of the tax audit, the client was imposed by financial sanctions for violation of tax legislation in terms of including interest on the loan as part of tax expenses. The amount of financial sanctions was about 1 million UAH. The purpose of the client’s request was to assess the legitimacy of the actions of tax authorities and, if necessary, help in developing solutions aimed at minimizing the amount of financial sanctions. Our tax advisors analyzed the documents and offered a solution of this problem to the client. Based on the prepared proposals and analysis, the client decided to file a lawsuit against the actions of the tax inspection.

Result

The court satisfied the client’s claim.

If you have a similar situation, write to us to resolve the issue