CERTIFICATE OF ORIGIN OF FUNDS

Recently, news appeared in the media that the voluntary declaration of income, which was also called tax amnesty, has ended. A total of 845 declarations were submitted. As for the total amount of the declared fee, it reached 547.5 million hryvnias. Let’s consider in more detail what can await those who did not use the mentioned opportunity while it was active. And we will also talk about how specialists of the company “Prikhodko&Partners” can help.

What risks can there be when taking valuables abroad?

Most often, in this context, they ask about the export of currency. The procedure is regulated by the Law of Ukraine “On Currency and Currency Transactions” and the Customs Code of Ukraine. According to the norms of the mentioned code, currency values also include securities.

The conditions under which currency values are exported abroad depend on the total value of the cash currency and bank metals that the person plans to export. If the figure is less than 10 thousand euros, then it is not necessary to declare it. But if the amount is greater, it must be declared at the relevant customs authority. The amount is fixed in full.

It is also important to certify the legal origin of the funds. Previously, it was possible to submit an amnesty declaration, but now there is no such opportunity, since the term of the tax amnesty has expired.

How can legal aid be useful?

Each individual case related to the declaration of income and legalization of the origin of funds is unique and requires an individual approach within the framework of current legal norms. If you are interested in the legislation that regulates this issue, as well as its practical application in your specific situation, the team of the “Prikhodko&Partners” law office will help you as follows:

• we will carefully consult about your request;
• we will help guide you in what strategies can be used to get out of such a problem and how to legally minimize the consequences if you did not take advantage of the tax amnesty;
• let’s share the algorithms of actions that we know from successful practice.

You should not ignore such a problem and leave it unsolved. Even if you do not intend to travel abroad, but may become the object of interest of the National Tax Administration, such a situation threatens the confiscation of assets that have not been declared. And, by the way, tax officials plan to check those who buy large real estate or other valuables without having declared income. Therefore, it is worth solving these questions for yourself, since problems can be connected not only with the export of valuables abroad.

 
It is necessary to decide how to act within the limits of the law in order to adequately normalize relations with the state in tax matters. Our lawyers will guide you in this. For example, in many situations, the issue is resolved thanks to a bank statement about the account status and knowledge of funds.

So, even if you did not have time to take advantage of the tax amnesty, this does not mean that there are no ways to solve such a problem. We will consult in detail on this matter.