KYIV - The hacker's attack with virus Petya.A in Ukraine has caused the failure of computers, software, and blocking of the access to databases of numerous Ukrainian enterprises.

As a result of these hardware errors, the affected enterprises are not able to submit tax returns and register tax invoices in time. According to the Tax Code of Ukraine, it is the basis for the application of financial sanctions.
 
However, the tax lawyers at KM Partners have explained there are actually no grounds for the application of sanctions. The detailed information is available in Ukrainian by the link: Sanctions for delayed tax returns/invoices registration, caused by cyberattack, should not be applied
NOTE: KM Partners is a member of the U.S.-Ukraine Business Council (USUBC), www.kmp.ua, member of WTS Global.

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NEWS: For the latest news about Ukraine go to the KYIV POST website: www.KyivPost.com.

The Kyiv Post of the ISTIL Group is a member of the U.S.-Ukraine Business Council (USUBC).  

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U.S.-Ukraine Business Council (USUBC)
1030 15th Street, N.W., Suite 555 W, Washington, D.C. 

Morgan Williams, mwilliams@usubc.org; www.USUBC.org

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