Ukraine’s efforts to tackle tax non-compliance appear to have paid dividends, with the number of criminal investigations and amount of cash seized both increasing dramatically year-on-year in the first three months of 2009.
In the period January through September 2009, 2,500 criminal cases were investigated by tax officers, with 1,100 subject to judicial proceedings.
Ukraine’s tax investigators in particular focused their attention on tackling crimes involving large-scale tax evasion. In this category, 699 cases were investigated, up 11% year-on-year, with 552 involving tax evasion of over USD1m, up 12% on 2008.
Ukrainian tax investigators also investigated 63 cases of carousel fraud of USD500m, double that of last year.
Ukraine’s efforts appear to have paid off with a total of USD1.114bn seized from investigations this year to September 2009, with USD835.1m coming from the seizure of property, both significantly increasing on 2008.
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