On March 18, the Law On Introduction of Amendments to Certain Legislative Acts of Ukraine regarding the Specifics of Presentation by Officials of Transparency Return in 2016.

The text of the relevant law was published in “Holos Ukrainy” on March 17, Ukrinform reports.

As it is known, on February 16 the Verkhovna Rada passed the law on electronic declaration. However, it stipulated the regulation on imposition of criminal responsibility for provision of false information in such declarations since 2017.

This led to the discontent of European partners, as the document was included in the package of laws, the adoption of which was necessary for introduction of the visa-free regime for Ukrainians by the European Union.

On March 12 President Petro Poroshenko vetoed the law and suggested his options.

On March 15 the people’s deputies adopted the Law On Introduction of Amendments to Certain Legislative Acts of Ukraine regarding the Specifics of Presentation by Officials of Transparency Return in 2016 with proposals of the president.

In particular, the President’s amendments stipulate that the intentional provision by the subject of declaration of false information in the declaration of the person, authorized for fulfilling functions of state or local self-government, stipulated by the Law On Prevention of Corruption, or the deliberate non-submission of declaration, is punished with the fine from 2500 to 3000 tax exemptions of citizens or public works for the period up to 2 years with the deprivation of the right to occupy certain positions or to perform certain activities for the period of up to 3 years.

The law also stipulates that the responsibility for the intentional presentation by the subject of declaration of false information in transparency return or other object of declaration, which has the cost, is imposed if such information differs from true information for the amount of more than 250 minimum salaries.

According to this legislative act, the officials should declare their properties within 60 days after the law comes into force. However, according to the proposal of the president, it permits to submit the corrected declaration after the presentation of corrected declaration within seven days.

In case of bringing the subject of declaration to responsibility for non-presentation, incorrect presentation of declaration, or in case of detection of false information in it, the subject of declaration should submit the relevant declaration with true information.

President Petro Poroshenko signed the law on March 16.