As per amendments, the criminal liability for incorrect data is introduced only in case of underdeclaration of income exceeding 250 minimum wages (UAH 1,378) that is UAH 344,450 (approx. $12,850).
The parliament passed the law on Feb. 16, 2016.
The law is intended to ensure the launch of a new electronic system aimed at verifying asset declarationsSource:http://en.censor.net.ua/n374763 of public officials holding posts with high corruption risks.
As reported, this is the last law required for the introduction of a visa-free regime between Ukraine and the European Union.