19:28 05.12.2016

Business Association in Ukraine demand to accept the changes to the Tax Code

3 min read
Leading domestic business associations, that formed a coalition "To Deshadowing of Economy", have addressed a speech to the President of Ukraine and the heads of all government bodies with the demand to approve the law about amendments to the Tax Code of Ukraine #5368 on the next session week in the Supreme Rada (the authors are: working group with representatives of the Ministry of Finance, MPs, business circles and experts). This appeal was signed by the leaders of the Ukrainian Association of Manufacturers, the Association of Ukrainian business, the Ukrainian Association of the Importers of household appliances, Pharmacy Professional Association of Ukraine, Association of Entrepreneurs of information technologies in Ukraine, Turkish-Ukrainian Union of Entrepreneurs and Industrialists and others. Business associations consider the main task of the proposal #5368 to create conditions for the State Fiscal Service to transit from controlling to a service function. The authors of the public appeal stay for the elimination of the tax police and the establishment of the Financial Police with the subordination to the Ministry of Finance, the transfer of the right to provide generalized advice on the application of tax legislation to the Ministry of Finance, which will reduce the proportion of consultations that violates the rights of taxpayers. In addition, members of the Coalition "To deshadowing of economy " believe that the bill will ensure the transfer of control for tax bases to the Ministry of Finance (which will reduce the risk of undue interference and manipulation of their content), and to legislate the functionality of the electronic office of the taxpayer. "The changes provided in VAT administration section in #5368 are significant for the current business in Ukraine, - states the text of the appeal, - namely, the elimination of the two registers of applications for VAT compensation, which violate the principle of equality of taxpayers and creates opportunities for corruption of the tax; creation of additional analytics possibilities to identify circuits that are used for the resale of the tax credit in order to evade payment of VAT and other taxes optimization, through the introduction of compulsory showing of UCGFEA codes for goods and SPSC for services; protection of the tax credit; setting new terms for the registration of tax bills, which effectively frees the business from the reserving of working capital for VAT, and so on. Ukrainian business associations consider the bill #5368 as preferred component, and noted the need to approve it to the end of 2016 with the preservation of all important regulations required for the operating business. Text of the letter can be found on the site of the Coalition -http://business-coalition.com.ua/letter.php
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