A real estate developer will stand trial in Bukovyna for evading over UAH 11 million in taxes

 The head of a housing and construction cooperative in Bukovyna failed to pay over UAH 11 million in taxes to the state budget after selling 170 apartments and parking spaces. Following an investigation into this matter, detectives of the Territorial Office of the ESBU in the Chernivtsi region completed the pre-trial investigation, and the indictment against the developer has already been forwarded to court.

The investigation established that the suspect organized the construction of two multi-apartment residential buildings in the village of Chahor, Chernivtsi district.

To conceal the actual commercial activity of constructing and selling residential property, he formally involved a general contractor. At the same time, all funds from apartment buyers were deposited directly into the cooperative's accounts, and construction payments were made directly to material suppliers and subcontractors, completely bypassing the company designated as the general contractor.

After the cooperative reached a sales volume that legally required the payment of value-added tax, its head failed to register the entity as a VAT payer. As a result, over UAH 11 million in taxes was not paid to the state budget.

The actions of the accused have been qualified under Part 3 of Article 212 of the Criminal Code of Ukraine (willful tax evasion resulting in the actual non-remittance of funds to the budget on an especially large scale).

Operational support was provided by the SSU Office in the Chernivtsi region. The prosecution was supervised by the Chernivtsi Regional Prosecutor's Office.

As a reminder, according to Article 62 of the Constitution of Ukraine, a person is presumed innocent of committing a crime and cannot be subjected to criminal punishment until their guilt is proven in accordance with the law and established by a court verdict of guilty.