Blogger evaded paying 5 million hryvnia in tax

Blogger evaded paying 5 million hryvnia in tax
Blogger evaded paying 5 million hryvnia in tax

Taxes and social media advertising: A Ukrainian blogger has become the subject of an investigation after it emerged that he failed to pay 5 million hryvnia in tax on providing advertising services. The blogger promoted goods on social media and received significant sums of money for doing so, yet his financial transactions were not declared.

Cryptocurrency as an evasion scheme: According to data from the Bureau of Economic Security (BES), the suspect transferred his income into cryptocurrency, which allowed him to conceal the actual scale of his earnings. He subsequently exchanged the digital assets for cash to evade oversight by tax authorities.

It is not specified who exactly is being referred to. Although, in reality, virtually all bloggers are guilty of this.

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