The Law defines the concept "declaration of remaining sugar" submission of the declaration on the remaining sugar in the ownership of the business entities.
Declaration is compulsory for all the business entities irrespective of their property form. The declaration procedure is defined by the Cabinet of Ministers of Ukraine. Information on the business entities and amount of sugar indicated in the declaration is to be confidential information, business entities being liable for the completeness and reliability of the data submitted.
In case the declaration on sugar amount is not submitted on time, or the data are incomplete or unauthentic, the business entity shall pay a penalty at the rate of five hundred tax-free allowances of citizen´s income.