Tax compromise brings UAH 794 mln to budget – State Fiscal Service

A total of UAH 794 million was brought to the national budget after an experiment with tax compromise.

According to a post on the website of the State Fiscal Service, the fiscal agencies received 8,174 applications on tax compromise from 6,152 taxpayers.

As reported, the law on tax compromise which foresees the voluntary revision of unpaid tax liabilities by the payers of profit tax and value added tax (VAT) at a rate of 5% over 90 days took effect on January 17, 2015.