Penalties are accrued on the amount of tax debt
The tax authorities remind taxpayers of the need to comply with the requirements of the current legislation to ensure timely payment of taxes, fees, and duties.
In accordance with Article 129 of the Tax Code, upon expiration of the statutory terms for repayment of the agreed monetary obligation, a penalty is accrued on the amount of the tax debt.
When a taxpayer determines the amount of a monetary obligation on its own, the accrual of penalties begins after 90 calendar days following the last day of the deadline for payment of the monetary obligation and ends on the day the funds are credited to the relevant budget account and/or in other cases of repayment of the tax debt.
The penalty is accrued for each calendar day of delay in payment of the monetary obligation, including the day of repayment, at the rate of 100% per annum of the NBU discount rate effective on each such day.