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 Law on electronic income statements for officials enters into force

The law providing obligatory electronic statements for officials starting from 2016 and stipulating criminal liability if data provided differs from real by more than 344,500 UAH as of today ($12,759) has entered into force.

The law came into force on March 18, Censor.NET reports citing LigaBusinessInform.

The law provides for penalty of up two years in prison and fine of 42.5-59.5 thousand UAH ($1.57-2.2 thousand) or public works of 150-240 hours if information declared is false.

Read more: Poroshenko signs e-declaration law

The bill also amends existing law "On preventing corruption" and stipulates that full check up of an income statement can be conducted while an official is still in office and during three more years after that.

In 2016, state officials occupying high posts should file electronic income statements within 60 calendar days after the system launches.

Read more: Hroisman signs law on electronic declaration of officials' assets and income
 
 
 
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