Currency supervision: how to avoid risks and penalties

Press service of the State Tax Service of Ukraine, published 13 August 2025 at 15:20 Chapter: News

State Tax Service of Ukraine draws attention of enterprises involved in the foreign economic activity to the need to comply with rules of currency legislation.

If the one carries out:

export – foreign exchange earnings must be credited to account in the Ukrainian bank within period established by the National Bank of Ukraine;

import – products (works, services) must be received on time.

For violation of payment terms, penalty of 0.3% of the debt amount is charged for each day of delay, but not more than 100% of the debt.

Use legislative protection mechanisms for business:

Provide documents on completed foreign economic transactions to authorized banking institutions in a timely and complete manner;

obtain a conclusion from the Ministry of Economy on the extension of settlement period;

apply to the court (arbitration) with a claim for debt collection from the non-resident;

certify presence of the force majeure circumstances that made it impossible to complete settlements in a timely manner in relevant authorized bodies.

It is worth emphasizing: the State Tax Service does not aim to impose fines. Audits are carried out only if there is information about violations of currency legislation received from the banks.