Article 207. Evasion of repatriation of foreign currency proceeds

1. Willful Evasion, by officials of enterprises, institutions and organizations of any ownership status or by unincorporated entrepreneurs, of repatriation to Ukraine, within time limits prescribed law, of any foreign currency proceeds gained from export sale of goods (work, services), or any other material values acquired for such proceeds, and also willful concealment in any manner of such proceeds, goods or other material values, -

shall be punishable by a fine of 600 to 1,000 tax-free minimum incomes, or correctional labor for a term up to two years, or restraint of liberty for a term up to three years.

2. The same actions, if repeated, or committed by a group of persons upon their prior conspiracy, and also willful evasion of the repatriation of foreign currency proceeds, or goods or any other material values acquired for such proceeds, and willful concealment in any manner of such proceeds, goods or other material values in respect of large amounts, -

shall be punishable by restraint of liberty for a term of three to five years, or imprisonment of a term up to three years.

3. Any such actions as provided for by paragraph 1 or 2 of this Article, if committed in respect of especially large amounts, -

shall be punishable by imprisonment for a term of three to seven years.

Note:

(1) Evasion of repatriation of foreign currency proceeds, or goods or any other material values acquired for such proceeds, and the concealment in any manner of such proceeds, goods or other material values is committed in respect of large amounts where the value of such proceeds, or goods or other material values equals or exceeds 1,000 tax-free minimum incomes (as calculated in the Ukrainian currency on the basis of the official exchange rate of the national currency established by the National Bank of Ukraine for the last day of the legally prescribed time limit for the transfer of foreign currency proceeds from abroad).

(2) Evasion of repatriation of foreign currency proceeds, or goods or any other material values acquired for such proceeds, and the concealment in any manner of such proceeds, goods or other material values is committed in respect of especially large amounts where the value of such proceeds, or goods or other material values equals or exceeds 3,000 tax-free minimum incomes (as calculated in the Ukrainian currency on the basis of the official exchange rate of the national currency established by the National Bank of Ukraine for the last day of the legally prescribed time limit for the transfer of foreign currency proceeds from abroad).

Дата добавления: 2015-11-16