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Automatically translated version. May contain inaccuracies compared to the original.
Tax authorities ramp up monitoring: when Ukrainians’ income and expenses begin to be automatically reconciled
Automatic reconciliation is triggered in cases where a citizen’s expenses significantly exceed declared income. This refers to purchases of real estate, cars, investment transactions, large online payments, or regular expenses that do not match official financial indicators. In such situations the system generates a signal of possible income concealment or use of unofficial funding sources.
Banks also provide the tax authority with aggregated information about the movement of funds. If the volumes of receipts or expenditures do not match the citizen’s declared status, the system records a discrepancy. In such cases the State Tax Service may send a request for clarification or suggest filing an updated declaration.
