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Publication date: 28.05.2024
Lawyer
How is the monitoring of Diia.City residents' compliance with the requirements of the Law?
Diia.City is a special legal and tax regime for IT companies, which provides them with a number of advantages. However, in order to enjoy these benefits, residents of Diia.City must comply with a number of requirements defined by law. In this article, we will look at exactly how these requirements are monitored and what Diia.City residents need to know to avoid problems.
Basic requirements for residents of Diia.City
The legislation stipulates that Diia.City residents must ensure continuous and full compliance with all requirements during the entire period of residency. This includes reporting and conducting audits.
The main requirements include:
Initial compliance report.
No later than six months after acquiring Diia.City resident status, the company must submit an initial report on compliance with the requirements of the Law. The report must reflect activity for three full calendar months after acquiring resident status.
Independent conclusion.
An independent auditor's opinion confirming the company's compliance with Diia.City requirements is attached to the initial report. This requirement does not apply to residents who have acquired status through a simplified procedure.
Annual compliance report.
Every year, no later than June 1, a Diia.City resident must submit an annual compliance report for the previous calendar year. An independent auditor's opinion is attached to the report.
Control procedure
The authorized body monitors Diia.City residents' compliance with the requirements of the Law through several key mechanisms:
Analysis of reporting.
The authorized body carefully analyzes the submitted reports and audit conclusions. In case of discrepancies between the information in the report and the company's financial statements, the authority may request additional explanations or documents.
Requests for an independent opinion.
If there are doubts about the reliability of the reporting, the authorized body has the right to send a request for an additional audit. The request is sent in electronic form to the email address specified in the Diia.City registry within 15 working days from the moment of receipt of the report.
Response deadlines.
The resident of Diia.City is obliged to provide the requested independent opinion within 60 days from the moment of receiving the request from the authorized body.
Liability for non-compliance
In case of non-compliance with the requirements of the law, the resident may lose the status of Diia.City resident, which deprives him of all the privileges provided by this special legal regime. Therefore, it is important not only to comply with the requirements, but also to submit all the necessary documents and reports in a timely manner.
Tips for residents of Diia.City
Regular audit.
It is important to conduct regular internal audits to ensure compliance with all Diia.City requirements. This will help to detect and correct possible defects in time.
Timely submission of reports. Ensure timely submission of all required reports and documents to avoid fines and possible loss of resident status.
Consultations with lawyers. Constant consultation with specialists will help to correctly navigate the requirements of the law and avoid violations.
Monitoring compliance with the requirements of the Law is an important aspect of Diia.City residents' activities. If you have questions about compliance or need legal support, contact the lawyers and attorneys of Legal Marketplace Consultant LLC. We will provide professional advice, help with the preparation of reports and provide legal support for your business.
Contact us to efficiently resolve your legal issues and ensure compliance with all Diia.City requirements. Our specialists will help you avoid trouble and maintain your Diia.City resident status so that you can continue to enjoy all the benefits of this unique legal system.
Conclusion
Compliance with the requirements of the Law is a key condition for maintaining Diia.City resident status. Timely reporting, regular audits and professional legal advice will help you avoid problems and ensure the stable development of your business within Diia.City. Contact LLC "Legal Marketplace Consultant" for any legal assistance.
