Tax agency prepping thousands of business audits for new year

The State Tax Service planned to conduct 3,242 audits of companies and sole proprietorships in 2024, according to Opendatabot service.

In particular, they plan to carry out 2,328 inspections of companies and 914 inspections of sole proprietorships. This is 19% less than in 2023, when tax officials inspected 2,551 companies and 1,461 sole proprietorships.

In 61.6% of cases, tax officials will check company documents. In 28% of cases, the STS will visit sole proprietors.

At the same time, inspections of businesses that have issues concerning military levy and unified social tax will be halved compared to 2023 – 156 companies. Checks in non-resident financial companies make up only 5% of the plan.

Kyiv has the largest number of company inspections – 590. Dnipropetrovsk Oblast is in second place – 205 inspections, Lviv Oblast is third (156).

Businesses operating in the field of wholesale trade will be inspected most often – they account for as much as 22% of the total number of company inspections. Businesses in the field of agriculture and hunting will also be questioned by tax officials in 2024 – 14.8% of inspections. Rounding out the top three is the inspection of businesses in the field of retail trade – 6.9%.

In 2023, the tax service planned to check more than 4,000 companies.