The Verkhovna Rada of Ukraine voted in favor of the draft law No. 4460-d as of 03.12.2020 “On Amendments to Certain Legislative Acts of Ukraine as regards Establishing Liability for Declaring Inaccurate Information and Failure to Submit a Declaration by the subject of the declaration to a Person Authorized to Perform State or Local Self-Government Functions”, which provides that the deliberate entry of the subject of the declaration knowingly unreliable information to the declaration:
- in the amount of 500 to 4000 subsistence minimums for able-bodied persons (from 1,135,000 to 9,080,000 hryvnias) is punishable by a fine of 2.5 to 3,000 non-taxable minimum incomes (from 42,500 to 51,000 hryvnias) or community service for a period of 150 to 240 hours, with deprivation of the right to hold certain positions or be engaged in certain activities for up to 3 years.
- from 4 thousand subsistence minimums (more than 9,080,000 hryvnias) is punishable by a fine of 3 to 5 thousand non-taxable minimums (from 51,000 to 85,000 hryvnias) or public works for a period of 150 to 240 hours, or restriction of liberty for up to 2 years of imprisonment with revocation of the right to hold certain positions or engage in certain activities for up to 3 years.
In addition, the bill provides for liability for intentional failure to file a declaration and imposes a fine of 2.5 to 3 thousand non-taxable minimums or community service for a period of 150 to 240 hours, with revocation of the right to hold certain positions or engage in certain activities for up to three years.
Anatoliy Zadnipryany – the lawyer of “Dynasty Law & Investment”