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Untimely notification of KIK or will there be liability? ???? Basics of international tax law. With the entry into force of the legislation on CICs, significant fines were also introduced for violations of the procedure for notifying tax authorities of the acquisition or termination of rights to CICs, and for violations of the procedure for declaring income to owners of CICs. If I submit a notification late - will there be a penalty? Listen to the advice of tax consultant Oleksandra Tomashevska in this video. See also other expert consultations on this channel. ★ Send questions to [email protected] or Telegram @Aleksandra_Tom ► Comment and recommend the video. Thank you for your support! #Олександра_Томашевская #потационный_консультант #мижнародне_податкувания #intime_reporting_KIK