The Verkhovna Rada has postponed the deadline for submitting data on beneficiaries by legal entities from October 11 to July 11, having passed bill No. 5807 at the second reading.
As an Interfax-Ukraine correspondent reported, 342 MPs backed the bill with the required 226 votes.
Earlier, Justice Minister Denys Maliuska said that the accrual of fines (in the amount of Hr 17-51,000) in October is impossible due to the low throughput of the registration system and the significant demand for such registration. The number of legal entities that must submit statements on ultimate beneficiaries-owners to the state registrar exceeds 1 million, which is significantly more than the capacity of the registration system. While 171,333 legal entities filed the statements, he said.
“At the same time, a mandatory sign of any administrative offense is the presence of guilt (Article 9 of the Code of Administrative Offenses). According to the Ministry of Justice, given the current state of affairs and the presumption of innocence, there is not even a hypothetical opportunity to confirm the presence of guilt (even in the format of negligence) of the head of a legal entity that did not submit data on the ultimate beneficiary-owner,” the minister said.
“I do not recommend taking by storm the state registrars and overpaying space money to lawyers for help in filing statements about the ultimate beneficiary-owner,” he added.
