Tax Evasion Case of Vadym Novynskyi Worth Over UAH 4.3 Billion Still Not Referred to Court, – Posternak

A criminal case involving alleged tax evasion totaling more than UAH 4.3 billion, with businessman Vadym Novynskyi the key figure, has not yet been referred to court despite the completion of the investigation and the availability of expert conclusions, political expert Oleg Posternak informs.

According to investigators, criminal proceeding No. 42023000000000464 was initiated on March 21, 2023, under Part 3 of Article 212 of the Criminal Code of Ukraine, which concerns deliberate tax evasion on an especially large scale. The case focuses on investment income received abroad in 2012 and 2014 that was not declared in Ukraine as required by law.

In 2024, a financial and economic examination was completed by the Kyiv Scientific Research Institute of Forensic Expertise in cooperation with the Bureau of Economic Security. Experts concluded that the actions in question constituted intentional tax evasion rather than an error or ambiguity in the interpretation of tax legislation.

Investigators state that in 2012, Novynskyi received investment income of $1.3 billion through transactions between companies under his control. However, no tax declaration was filed, and personal income tax exceeding $221 million was not paid within the legally установлен deadline.

In July 2023, an additional episode related to 2014 was added to the case. According to the findings, Novynskyi failed to pay more than €160 million in personal income tax and €14 million in military levy on investment income of €943 million.

The total amount of confirmed unpaid taxes exceeds UAH 4.3 billion, as documented in the case materials and supported by forensic economic analysis.

Although the investigation was completed in 2024 and the case materials were transferred to the State Bureau of Investigation, no further procedural action has followed. A formal notice of suspicion was only served in June 2025, shortly before the statute of limitations expired. Subsequently, investigators submitted a request for international legal assistance to Cyprus, a move that observers say may have effectively delayed the proceedings.

As of now, the indictment has not been submitted to court, despite the completed body of evidence and established circumstances of the case.

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