The SBI reported suspicion to one of the largest developers of Kyiv region of tax evasion for over UAH 140 million (VIDEO)


The SBI employees served a notice of suspicion to a businessman who failed to pay more than UAH 140 million of tax when selling real estate in Kyiv region.

In the period from 2019 to 2021, the figurant sold more than 900 apartments and commercial premises. At the same time, he was not registered as an individual entrepreneur or a legal entity. The suspect concealed income from the sale of apartments and other real estate under the guise of selling his own property, not from business activities. This allowed to reduce the tax rate on transactions from 18 to 5%.

During the pre-trial investigation, the SBI officers conducted a series of searches, during which more than USD 3 million was seized. The seized funds were transferred to the National Agency of Ukraine for finding, tracing and management of assets derived from corruption and other crimes .

The SBI also initiated the issue about the imposition of arrest of the suspect's property to compensate losses to the state budget of Ukraine. Including more than 100 apartments, almost 80 non-residential premises and more than 30 land plots.

The entrepreneur is suspected of intentional tax evasion committed by him as a person engaged in entrepreneurial activity without establishing a legal entity, that led to actual non-receipt of funds to the budget in especially large amounts (Part 3 of Art. 212 of the Criminal Code of Ukraine).

The sanction of the article provides for a fine of up to 25 thousand untaxed minimum incomes with deprivation of the right to be engaged in certain activities for up to 3 years with confiscation of property.

Procedural guidance is carried out by the Kyiv City Prosecutor's Office.