Head of Ukraine's State Fiscal Service Roman Nasirov has been elected for one year President of the Intra-European Organization of Tax administration (IOTA) uniting 46 tax administrations of European countries, the press service of the State Fiscal Service has reported.

The press service said that the decision was made at the 20th meeting of the IOTA General Assembly in Bucharest held on July 7 and July 8. It is for the first time when a representative of Ukraine heads IOTA.

"Next year our country has a possibility of receiving all advantages of holding the meeting of the General Assembly that is held in the IOTA presiding country under its rules," Nasirov said.

According to a posting on the IOTA website, the organization was founded in 1996 by seven founding members (Bulgaria, Czech Republic, Hungary, Latvia, Lithuania, Poland and Slovakia). The Secretariat of the organization is located in Budapest, Hungary. Ukraine became the associated member in 2004 and the full member in 2006.